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CREDIT CARD OUTSTANDING
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...18 May, 2026, 11.03 PM IST- 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...06 May, 2026, 12.32 AM IST
- 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...04 May, 2026, 01.43 PM IST
- 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...01 May, 2026, 01.00 AM IST
- 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...01 May, 2026, 12.45 AM IST
- 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...30 Apr, 2026, 05.42 PM IST
- 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...30 Apr, 2026, 04.14 PM IST
- 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...30 Apr, 2026, 12.53 AM IST
- Can you fulfil your study abroad dream without going broke? Here are 7 ways to minimise costsStudying abroad involves more than just academic merit; it's a significant financial investment. Indian students often underestimate hidden...25 Apr, 2026, 06.30 AM IST
- India funding mix changes again, bank lending back in favour with a bangBanks have again become the primary source of funds for Indian businesses. In FY26, bank lending accounted for a significant portion of tot...24 Apr, 2026, 03.13 PM IST
- 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...24 Apr, 2026, 08.27 AM IST
- RBI overhauls prepaid cards & wallets rules: Rs 2 lakh monthly debit limit, usage, restrictions, new safeguard and moreThe RBI has revised Prepaid Payment Instrument (PPI) rules, introducing new monthly debit limits for full-KYC PPIs at Rs 2,00,000, with a R...23 Apr, 2026, 02.42 PM IST
- RBI proposes measures to strengthen Prepaid Payment Instruments frameworkThe Reserve Bank of India is introducing new rules for Prepaid Payment Instruments. These changes aim to boost the long-term growth of thes...22 Apr, 2026, 07.41 PM IST
- Loan got rejected despite 720 CIBIL. Redditor later found out the four reasonsA Reddit user with a 720 CIBIL score was surprised by a loan rejection, discovering his detailed report revealed issues. Old inquiries, a '...12 Apr, 2026, 11.00 AM IST
- West Asia conflict fears could harden credit card underwriting, curb co-branded card growthIndian banks are tightening credit card rules due to global economic worries and the West Asia war. Fintech firms expect stricter underwrit...08 Apr, 2026, 06.28 AM IST
- 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...27 Nov, 2020, 10.24 AM IST
- 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...28 Jul, 2016, 12.48 PM IST
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