Balance-level delinquencies in the credit card segment saw a 17 basis points (bps) year-on-year (Y-o-Y) rise in the quarter ending June 2024 (Q1FY25). Illustration: Dominic Xavier/Rediff.com In......
A South Block and Mint Road tango is in the offing in 2025, foregrounded by deeper consultations with various stakeholders. Illustration: Dominic Xavier/Rediff.com In the Union Budget for......
In FY24, loans given out by such firms had topped a whopping Rs 146,517 crore, up by 49 per cent year-on-year and spread over 10.19 million accounts (up 35 per cent). Illustration: Dominic......
Wilful defaulters owe SBI Rs 80,000 crore as of June.10 nationalised banks are owed another Rs 1.5 trillion. Illustration: Uttam Ghosh/Rediff.com The outstanding amount due from wilful......
Fintech companies believe that the impact of Reserve Bank of India's order last week on unsecured loans will be visible in six to 12 months and prompt them to diversify and strengthen their secured......