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RuPay credit card UPI transactions double in first seven months of FY25

The National Payments Corporation of India, which runs the real-time payments system Unified Payments Interface (UPI), launched the RuPay credit card programme in 2017

RuPay credit card UPI transactions double in first seven months of FY25
Updated On : 03 Dec 2024 | 8:41 PM IST

Millennials fuel surge in credit card defaults as e-commerce drives debt

The growth of digital payments, internet services, and e-commerce has boosted the credit card industry, but EMIs for large purchases often lead young users to default

Millennials fuel surge in credit card defaults as e-commerce drives debt
Updated On : 26 Sep 2024 | 5:31 PM IST

Monetary policy: Some entities not following topup loan norms, says RBI

Credit card spend continues to see high growth despite risk weighting increase

Monetary policy: Some entities not following topup loan norms, says RBI
Updated On : 08 Aug 2024 | 10:46 PM IST

New tool against online fraud: Alerts for UPI, card, and net banking

Feature involves sending an immediate alert to the account holder before allowing any unusual or suspicious transaction initiated through their bank account

New tool against online fraud: Alerts for UPI, card, and net banking
Updated On : 28 May 2024 | 6:02 PM IST

Banks ready systems for capturing int'l credit card spends under LRS

Last year the government had announced that credit card spends in a foreign currency will be a part of LSR's annual limit of $2,50,000

Banks ready systems for capturing int'l credit card spends under LRS
Updated On : 28 Mar 2024 | 10:18 PM IST

Bandhan Bank to launch credit card in Apr-May; Piush Jha to head the unit

Strengthens top management with ex HDFC, Citi, Axis bankers

Bandhan Bank to launch credit card in Apr-May; Piush Jha to head the unit
Updated On : 18 Mar 2024 | 10:37 PM IST

Obtain secured credit card, repay regularly to repair credit history

Use less than 30% of card limit; avoid frequent loan applications

Obtain secured credit card, repay regularly to repair credit history
Updated On : 14 Mar 2024 | 4:58 PM IST

No cost EMIs galore this festive season: Are there any hidden charges?

The no-cost EMI offers allow consumers to buy different products in instalments without paying additional interest or charges. This implies that you will be paying only the actual price of the product

No cost EMIs galore this festive season: Are there any hidden charges?
Updated On : 20 Oct 2023 | 8:32 AM IST

Six steps to improve your credit or CIBIL score, check steps below

Your CIBIL score plays a key role when you go for loan requests as it will help you get loans at easy interest rates and along with other benefits. Here are the six tips to improve your credit score

Six steps to improve your credit or CIBIL score, check steps below
Updated On : 29 Sep 2023 | 4:12 PM IST

Loans against mutual funds: Should you opt for it over a personal loan?

A loan against mutual funds significantly reduces the short-term borrowing (less than one year) cost

Loans against mutual funds: Should you opt for it over a personal loan?
Updated On : 07 Sep 2023 | 6:02 PM IST

Credit card defaults rise by Rs 951 cr: What happens when you default

Although the retail segment played a critical role in bank credit recovery process, the concentration of banks' loan portfolios in unsecured lending can have serious financial implications

Credit card defaults rise by Rs 951 cr: What happens when you default
Updated On : 04 Sep 2023 | 9:37 AM IST

HDFC Bank, Marriott Bonvoy to launch co-branded hotel credit card

The co-branded card offers a slew of benefits ranging from a free night award valued at up to 15000 points which can be redeemed at Marriott Bonvoy's participating hotels globally

HDFC Bank, Marriott Bonvoy to launch co-branded hotel credit card
Updated On : 24 Aug 2023 | 11:05 PM IST

Loan granted to credit card holder is exempt from IGST: Calcutta HC

Interest on loans exempt from IGST but provision is not available to credit card services, says government notification

Loan granted to credit card holder is exempt from IGST: Calcutta HC
Updated On : 31 Jul 2023 | 10:22 PM IST

Unsecured loan portfolios growth highest, credit card NPAs shoot up: Report

Credit card non-performing assets rose 0.66 per cent to 2.94 per cent as of March 2023, a credit information company said in a report on Thursday. The report, which comes amid heightened concerns on the riskier unsecured loans portfolios from the regulator, also said that such products like credit cards and personal loans grew the fastest, the report by Transunion Cibil said. On the asset quality front, credit card balances unpaid for over 90 days stood at 2.94 per cent, which is a 0.66 per cent jump over the year-ago period, while the same for personal loans improved by 0.04 per cent to 0.94 per cent, it added. From a loan growth perspective, outstanding balances on credit cards grew 34 per cent in the year to March 2023, and personal loans were up 29 per cent. Loan against property, a product typically used by small businesses for funding needs, was the fastest-growing retail product with a 38 per cent rise, according to the report. Interestingly, home loans considered by many

Unsecured loan portfolios growth highest, credit card NPAs shoot up: Report
Updated On : 13 Jul 2023 | 7:40 PM IST

Credit card dues up 30% in Apr; cross Rs 2 trillion mark for the first time

The Reserve Bank of India (RBI) has expressed its concern about the growing unsecured bank credit

Credit card dues up 30% in Apr; cross Rs 2 trillion mark for the first time
Updated On : 26 Jun 2023 | 9:14 AM IST

Credit card loans aid over 182,000 street vendors, jobless in Rajasthan

The scheme started in August 2021 to provide support to youths who lost their livelihood owing to the pandemic

Credit card loans aid over 182,000 street vendors, jobless in Rajasthan
Updated On : 27 Mar 2023 | 8:04 PM IST

We're moving away from volatile corporate bulk deposits: RBL Bank MD & CEO

In a Q&A, R Subramaniakumar dwells on the lender's strategy to fuel growth in credit cards and microfinance, and plans to mop up deposits in an increasingly difficult market

We're moving away from volatile corporate bulk deposits: RBL Bank MD & CEO
Updated On : 16 Nov 2022 | 10:39 PM IST

Scrutinise your no-cost EMI offers for hidden charges, say experts

There could also be a third scenario where the interest cost is added to the product price and then the higher price is converted into EMIs

Scrutinise your no-cost EMI offers for hidden charges, say experts
Updated On : 12 Oct 2022 | 10:03 PM IST

Credit card spends touch all-time high of Rs 1.16 trillion in July

Spends have topped Rs 1 trillion level for five consecutive months now

Credit card spends touch all-time high of Rs 1.16 trillion in July
Updated On : 30 Aug 2022 | 11:45 PM IST

New-to-credit customer? Opt for a secured credit card, say experts

BNPL, small-ticket consumer loans are other options to build credit history

New-to-credit customer? Opt for a secured credit card, say experts
Updated On : 03 May 2022 | 6:03 AM IST