The logic is simple: lounge access has become a heavily used perk. Banks earlier assumed that only premium customers or frequent flyers wou...

A recent video from Pune shows loan recovery agents using force against a borrower. This incident reveals problems within Indian banks. Ban...

SBI Cards has taken a bold step in fortifying its financial health by offloading a considerable portion of its stressed credit card debt, v...

Credit card debt crisis US: Millions of Americans are increasingly relying on credit cards for daily expenses due to rising living costs. O...

Americans now owe $18.6 trillion in household debt. United States consumer debt crisis is growing fast. Millions of borrowers are strugglin...

U.S. household debt has reached a new record of $18.6 trillion, showing that many Americans are borrowing more for student loans and credit...

A lot more needs to be done to educate borrowers on the finer aspects of credit behaviour. Often, the borrowers don’t understand the impact...

Last week, Federal Reserve Chairman Jerome Powell indicated a cut in the bank rates in September. However, experts believe the Fed may conv...

Credit card payment defaults have surged in June 2023 despite the growth of credit card lending. Unsecured credit portfolios and small-tick...

Since May 2022, the RBI has raised its benchmark repo rate by 250 basis points (100bps = 1 percentage point) to 6. 5% — which banks have pa...

As of August-end, the loans overdue for over 90 days in the credit card segment were 0.51 per cent up from the year-ago period at 2.32 per ...

India tops the rank in the percentage of credit card holders that often make payments in excess of their minimum due on their revolving deb...

It said that about 92% of credit card holders often pay a greater amount than the minimum due, following its survey of 1,100 consumers acro...

Credit card delinquencies or bad debts peaked in India to 6% (of the total dues outstanding) in the aftermath of the 2008 financial crisis.

After a gap for over four years, consumers have once again started availing of the credit facility on their credit cards to tackle rising p...

US consumers are having increasing problems making credit card payments in another sign of economic stress, according to new banking indust...

Lack of proper credit monitoring, coupled with exponential growth in card issuances, has caused increase in late repayments. Guarding credi...