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CUSTOMISED CREDIT CARDS FOR MICRO ENTERPRISES
Patchy rains may hit rural lending, banks stay cautiousBankers are closely watching monsoon rains and their impact on rural credit. Uneven rainfall poses inflation risks for summer crops and rur...
MSME Bill introduced, looks to speed up paymentsA key provision of the Bill is to strengthen the framework for addressing delayed payments, a long-standing challenge for micro and small e...
These 7 private and public banking stocks have an upside of up to 29% in one year, according to analystsBroadly speaking, both private and PSU banks are impacted by what happens to the economy. There might be some difference because of the foc...
Monsoon Session: Parliament to take up anti-paper leak Bill today, MSME, others on agendaParliament will consider the Public Examinations Amendment Bill on Tuesday. The Rajya Sabha will introduce the MSME Development Amendment B...
Standard Chartered sees exit of several top wealth executives in IndiaStandard Chartered India is witnessing a series of senior leadership exits as it reshapes its wealth business and moves away from mass-mark...
Credit card rewards are changing: Here's how travellers and reward seekers can maximise points and milesBanks increasingly reward engagement rather than ownership. Issuers want your premium card to become your preferred spending instrument, as...
Costs and provisions down, IDFC Bank will continue to bolster earnings: V Vaidyanathan, MD & CEOOur credit cost was 2.13% of loans including the microfinance portfolio, against a guidance of 2.10%. This year, encouraged by seeing our c...
Cards continue to fly; credit goes to the big playersThe additions were led, once again, by the country's largest issuers. HDFC Bank topped the list, adding 163,000 net new credit cards and ed...
AI-led underwriting is the missing link in India’s MSME credit storyIndia’s MSME credit gap sits at Rs 25-30 lakh crore. Of the 87 million registered MSMEs, only 36 million have ever taken a formal loan.
American Express Q2 profit rises driven by higher spending and fewer delinquenciesAmerican Express has indicated an impressive eight percent growth in profit during the second quarter, largely driven by increased spending...
Bank credit growth eases to 17.7% in fortnight to July 15Bank credit growth saw a slight deceleration to 17.7 percent year-on-year. Deposit growth also moderated to 12.7 percent in the same period...
India's SBI Card posts higher quarterly profit on asset quality boostSBI Cards announced an impressive profit surge attributed to lower provisions for bad loans. A remarkable rise in card spending highlighted...
Can a shop charge you extra for paying by credit card? Here's what every card user should knowCan merchants legally charge customers extra for credit card payments? The Reserve Bank of India regulates these payment systems and card a...
Why using a debit card for groceries and fuel is a costly mistake. CA explains why you may be losing outCA Nitin Kaushik argues that using a debit card for everyday expenses like groceries, fuel and travel could mean missing out on rewards, fr...
315Work Avenue leases 45,000 sq ft at Bhartiya City in Bengaluru315Work Avenue has leased forty-five thousand square feet of managed office space. This expansion in North Bengaluru supports growing deman...
Punjab & Sind Bank eyes Rs 4 lakh cr business by FY29: Lender bets big on technology transformationPunjab & Sind Bank is setting ambitious goals, aiming for a staggering ₹4 lakh crore in business by the fiscal year 2028-29. The bank proje...
Samsung Galaxy Card launches in the US to take on Apple Card: 5% cash back, $200 bonus, no annual feeSamsung Galaxy Card reward: Samsung has launched its first branded credit card, the Samsung Galaxy Card, in the United States. This new Vis...
Income-tax, MSME amendment Bills among key economic legislations listed for Parliament's Monsoon SessionKey economy-related bills are listed for Parliament's Monsoon Session. The Income-tax Amendment Bill aims to boost India's sovereign debt m...
Banks seek RBI clarity on collateral-free loans up to Rs 20 lakh for small businessesBanks face challenges extending collateral-free loans up to twenty lakh rupees. Some accounts are not covered by the government guarantee s...
LML Realty to invest Rs 250 cr to develop 45-acre industrial park in HaryanaLML Realty is set to launch a state-of-the-art industrial park in Haryana, with a substantial investment of Rs 250 crore aimed at supportin...