Searched for
CREDIT CARD OUTSTANDINGS
Rs 5 lakh medical emergency led him into Rs 15 lakh debt: 3 warning signs of debt trap that get ignored, financial advisor explainsA financial advisor has shared the story of a Pune-based operations manager who saw his debt rise to over ₹15 lakh after taking a loan for ...- Bank credit to industry grows at robust 17.5% in May: RBIIndian banks witnessed a significant surge in credit to industries, with a robust 17.5% annual growth in May. This expansion was driven by ...
- Warren Buffett on stock market: Fools give you reasons, wise men never tryWarren Buffett gave himself a D in capital allocation – his worst grade ever. But the confession came along with a warning that would prove...
- Karur Vysya has a four-pronged plan to move up to the next level: B Ramesh Babu, MD & CEOAfter a decade of downsizing the wholesale business, Karur Vysya now plans to reverse it by raising the corporate loan share to 20% in the ...
- Karur Vysya Bank bets big on credit cards, microloans and corporate push to double down on growthKarur Vysya Bank is set for significant growth. The bank plans to expand its balance sheet by entering the credit card business and offerin...
- Credit card transactions jump 2.6 times in four years: RBI reportCredit card transactions in India saw a significant jump between 2021 and 2025. Private banks expanded their dominance in this segment. Deb...
- Banks cede consumer durable loans to NBFCs as credit cards take over small-ticket financingBank loans for washing machines and televisions are falling. Banks are now focusing on credit cards for these purchases. Non-banking financ...
- SBI Card revises late payment penalty charges: Key changes in credit card late payment structure from May 1, 2026SBI Card has revised its late payment charges, effective May 1, 2026, impacting lower outstanding amounts. A new Rs 100 penalty now applies...
- Off the tough route to loan recoveryA recent video from Pune shows loan recovery agents using force against a borrower. This incident reveals problems within Indian banks. Ban...
- Federal Bank to acquire 4.5 lakh Standard Chartered card portfolioFederal Bank is set to acquire a significant credit card portfolio from Standard Chartered Bank. This deal involves approximately 450,000 c...
- Standard Chartered to sell bulk of Indian credit cards to Federal BankStandard Chartered is selling a significant portion of its Indian credit card portfolio to Federal Bank. This move aligns with Standard Cha...
- Federal Bank to acquire StanC India credit card portfolioFederal Bank is set to acquire a significant credit card portfolio of approximately 4.5 lakh cards from Standard Chartered Bank, India. Thi...
- India’s credit card market expands to 119 million, PSU banks gain in spendsIndia's credit card market has surpassed 119 million cards. HDFC Bank, SBI Cards, ICICI Bank, and Axis Bank dominate this sector. HDFC Bank...
- Bank pays Rs 3.21 lakh compensation to customer for delay in credit card closure; know what RBI rules sayAs per the Reserve Bank of India, any failure on the part of the card-issuers to complete the process of closure within 7 working days shal...
- Credit card query: Is blocking or deactivating a credit card the same as closing it? Find out here
- How interest on credit card due is calculatedIf you pay only the monthly 'minimum due amount', which is generally about 5 percent of the total amount of the bill, to the lender/issuer,...
- Credit card requests cross pre-Covid levels in OctoberAccording to RBI data, there were 5.9 crore credit cards outstanding as of September 2020, up from 5.8 crore in March. In April, the number...
- Credit card dues at an all-time high! Think before you swipe againThe situation is all the more grim because the annual interest on credit card outstanding ranges between 36 and 48 per cent. A high price t...
- Outstandings on credit cards up 22 per cent on higher plastic money useThe rise in outstanding may not yet be a sign of any build-up of stress in the system, but an indicator of increasing use of plastic.
- Smart things to know about interest charged on credit cardsInterest is charged on the outstanding balance on a credit card if only the minimum or partial amount is paid by the specified date, not th...
Load More
