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Here's what industry watchers have to say on RBI status quo
It is a good time for homebuyers who can avail of low home loan rates, along with steady prices.
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Credit card spends surge 54% to Rs 77,981 crore in August
Market experts have expressed the hope that in the festive season, given the ease in restrictions spending will increase further.
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NARCL bags RBI licence
The band bank hopes to recover between Rs 50,000 crore and Rs 64,000 crore of NPA.
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Demand for retail credit wanes owing to weak industrial borrowing
The retail credit remained strong with 12% on-year growth, however the pace has decelerated from 2.6% in July to 1.2% in August on a MoM basis
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SBI and Indian navy launches NAV-eCash card
The new NAV-eCash card will facilitate both online and offline transactions and is powered with dual-chip technology
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Bank of Baroda to position 'bob World' as main bank
Capabilities like paying, saving, borrowing and investing can be done on the app and are being scaled on a daily basis
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Banks offering attractive credit cards deals in festive push
According to the Reserve Bank of India, the total number of credit cards was at 63.4 million by the end of July
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Six rules to use your credit card effectively
If you have received your first credit card and are planning to use it for the first time, always remember that convenience comes at a cost
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PNB's stake in NARCL to be slashed to 9% by December 2021
Public sector banks and financial institutions will own 51% stake, while private sector lenders will hold 49% stake in NARCL
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Widespread disruption in payments feared as new RBI norms kick in today
Around 50-60% of recurring transactions may fail as automatic clearance has come to an end.
