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Story of ever rising debt situation in India!
According to data by the Reserve Bank of India, in June 2023, Indians spent around ₹88,379.85 crore through credit cards online, while debit card tr
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Deluge and Dilemma : The co-branded card saga
Axis has tied up with Flipkart for a co-branded card, with Visa as their network. The Amazon-ICICI card also has Visa as their provider. In such a cas
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New TCS rates from Oct 1, 2023
The government has deferred implementing the 20% TCS rate on LRS for other purposes till October 1, 2023. For now, credit card spends overseas has bee
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Your loans won't get costlier
The Reserve Bank kept policy rates unchanged at 6.5% and growth target for FY24 at 6,5%. It has kept the inflation rate target at 5.1%
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Gone are the days of cheap loans
Loans available for banks have become expensive by about one percent. Now big question is how expensive will loans become for end consumer?
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Why FIIs are angry with Stock Markets?
To curb inflation, the Reserve Bank of India made loans expensive. Debt became expensive not only in India, but also globally.
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Banks comply with RBI’s new norms on recurring card payments
Banks account for over 95% of credit cards in the market
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Protection of NBFC customers’ interest non-negotiable: RBI deputy governor
He said at the NBFC Summit that we should not compromise on the ethos of finance for mercurial or ephemeral gains
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Depositors in these 21 troubled banks will soon get compensation
The Deposit Insurance and Credit Guarantee Corporation (DICGC) has released the list of 21 banks; amount capped at Rs 5 lakh/deposit.
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Wait for bank licence could get longer for larger corporates
The Internal Working Group of the RBI submitted its report on issuing banking licences to corporate houses in November last year
