Credit card spends rise 14.5% in October on festive season purchases

Credit card spending reached Rs 2 trillion in October, a 14.5 per cent rise from September, largely driven by festival season purchases. Illustration: Uttam Ghosh/Rediff.com However, the volume of......

RBI rule on unsecured loans to hit lenders' capital, loan growth: Analysts

The Reserve Bank of India's (RBI's) latest order on unsecured loans is set to hit the banking sector's growth in the near-term, cautioned analysts, as they see banks slowing down on aggressive......

Why RBI Is Worried About The Rise In Personal Loans

In the June quarter of FY24, 51 per cent of consumers who took small-ticket personal loans already had more than four credit products at the time of accessing yet another new loan, compared with......

SBI Cards is No.2 credit card co

SBI Cards has quietly zoomed past Citibank to become the second largest credit card company in the country by issuing 2.92 million cards as on August 15. "SBI Cards has become the second largest......

Golfers Lahiri, Rashid make giant strides in 2014

Anirban Lahiri. Photograph: Stuart Franklin/Getty Images   Failure to win a single medal at the Asian Games in Incheon, Korea, was a big disappointment for Indian golf. Indians have a decent......