Credit cards get a festive boost, spending increases 25% in Sep

Credit card spending in September recorded strong growth of 25 per cent year-on-year (Y-o-Y), marking the highest increase in six months. Even as many banks saw higher slippages during the......

Paytm appears poised for rebound

While Paytm (One97 Communications) is not completely past regulatory hurdles, its share price has gained in the last month or two. Photograph: Shailesh Andrade/Reuters The Paytm handle migration......

Bajaj now third most valued finance group; overtakes SBI

India’s financial sector is dominated by large government-owned and private-sector banks. Photograph: Kind courtesy Bajaj Housing Finance Major players like State Bank of India (SBI), HDFC......

Only 10 banks had minor disruptions: RBI on outage

The Indian financial and payments systems remained largely unaffected by the Microsoft services outage, though about 10 banks and NBFCs faced minor disruptions which have either been resolved or......