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China's May loan growth dips on weak demandAggregate financing, a broad measure of credit, increased ¥2.03 trillion ($300 billion), according to Bloomberg calculations based on data ...
Higher crude prices fuel bank lending boom; credit growth hits 17.7%, fastest since June 2024Bank lending saw its fastest growth in almost two years by May 31, 2026. Credit expanded significantly, reaching Rs 215.2 lakh crore. This ...
PSBs may lose the edge over private peers as tightening liquidity, rising credit costs may impact growthPublic sector banks' advantage over private lenders is fading. Excess liquidity and low credit costs are diminishing. Liquidity coverage ra...
Bank credit grows 17.4% in May as rising yields push companies to loansBank loans are seeing a surge. Credit growth reached 17.4 percent by May 31, the highest in almost two years. This rise is driven by compan...
Govt eyes rural credit push via flagship schemes, seeks to expand RRB customer baseThe government is enhancing rural credit by integrating the Grameen Credit Score with the JanSamarth portal for faster loan processing. Reg...
Have limited or no credit history? FD-backed SBM Paisabazaar Paisa+ credit card helps build credit; offers up to 7% FD returns
Indian-American arrested in California for allegedly defrauding bank of $100 millionAn Indian-American man, Mahender Makhijani, was arrested in California for allegedly defrauding a bank of nearly $100 million. He is accuse...
Tap-and-pay takes off; ADIA to trim Lenskart stakeHappy Thursday! Tap-and-pay card usage is on the rise in India despite UPI's dominance. This and more in today’s ETtech Morning Dispatch.
Contactless card payments on the rise as Indian shoppers swipe less, tap moreIndian shoppers are increasingly opting for contactless 'tap-and-pay' card transactions, with estimates suggesting they now account for up ...
Visa and Mastercard $38 billion swipe fee settlement gets preliminary approval after 20-year legal battle - what it means for merchants, credit card fees and consumersVisa Mastercard swipe fee settlement explained: A major legal battle over credit card swipe fees has advanced. A US district judge has give...
These 8 banking stocks have an upside potential of up to 26% in 1 year, according to analystsIf oil prices stay at higher levels, some FPIs with exposure to the Indian banking sector through ETFs might decide to sell, putting these ...
Finance Minister to review flagship schemes with state-owned banks, RRBs in West Bengal: SourcesFinance Minister Nirmala Sitharaman will soon review key schemes like Jan Dhan, Mudra, and PM Vishwakarma in West Bengal. She will meet wit...
5,300 of 36,000 Indian SIMs used in Cambodia for Rs 100-crore cyber fraud in IndiaEnforcement Directorate uncovered a massive cyber fraud network. Thousands of Indian SIM cards were activated fraudulently. These SIMs were...
Credit guarantee scheme for MFIs still stuck in low gearBanks have received an aggregate loan demand of Rs 10,000-12,500 crore under the scheme, according to people familiar with the matter. Whil...
CBSE clarifies re-evaluation payments, says portal withstands cyberattack attemptCBSE has clarified its online portal for Class XII answer sheet verification and re-evaluation. Students can use various payment methods li...
Mastercard to look beyond card biz; target tier 3 & 4 markets for growthMastercard is targeting India's expanding credit-on-UPI market. The company is looking beyond traditional card payments for future growth. ...
Financial fixes and high-yield savings: Are you missing the easiest ways to save more and spend less?More than half of savers still earn under 3% interest, while many households lose around $200 yearly on unused subscriptions. These financi...
SBI Card to revise reward point benefits on these credit cards from July 1, 2026; check detailsSBI Card is revising reward point programs for PhonePe SBI Credit Cards, effective July 1, 2026. Both PURPLE and SELECT BLACK cardholders w...
7 things happening to your credit score right now (if you have multiple credit cards)
Banks are cutting credit card perks quietly; Learn how to get more value from your walletMany banks have recently reduced credit card rewards, cashback limits, and perks, prompting cardholders to reassess their spending strategi...