After a lull of almost a year, some banks are beginning to pull out their databases to contact potential credit card customers. Having cleaned up their credit card portfolios and sensing a change......
The government is set to appoint Arundhati Bhattacharya as one of the managing directors of State Bank of India. Bhattacharya, who is the managing director and chief executive officer of SBI......
Rising delinquencies and non-performing assetsin the credit card business are forcing banks to reorient their outlook, from an aggressive sales strategy to inducting people who will focus on......
Weighed down by mounting outstandings and non-performing assets (NPAs), credit card companies are taking strong measures that include slashing new card issuances and credit limits for existing......
As banks examine the viability of credit cards as a product and find ways to curb losses under this portfolio, the annual growth in credit card balances has fallen to an all-time low. According to......