Credit card spends rise 27% to ₹18.26 lakh crore in FY24: RBI
In March 2024 alone, credit card expenditures surged by approximately 10% to ₹1.64 lakh crore from ₹1.49 lakh crore in February
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India's tougher consumer credit norms address emergent risk: Fitch
NBFCs' bank funding costs could rise by 40 basis points - 60 basis points, says Fitch
Consumer loans may get expensive as RBI hikes risk weight by 25%
This excludes housing loans, education loans, vehicle loans, loans secured by gold and gold jewellery, and microfinance loans
TCS on overseas bookings should be levied by card-issuing banks: MakeMyTrip
There could be a significant loss of business for the domestic travel industry, says Mohit Kabra, Group CFO, MakeMyTrip
20% TCS on credit card spends abroad not high: Govt
International credit cards are being issued with limits in excess of the current LRS limit of $2,50,000, says Ministry of Finance
Overseas credit card spends come under LRS, to attract 20% TCS
Credit card spends on foreign trips will now attract 20% TCS from July 1
The Brief: Debt Trap Awaits The Young
With youngsters latching on to the consumption bandwagon, their finances are increasingly under pressure.
UPI transactions to remain free for customers, clarifies NPCI
Bank account-to-account transactions continue to remain free for customers and merchants, says UPI operator NPCI.
SBI Cards shares tumble 7% post Q2; here's why
Reacting to Q2 results, SBI Cards opened 2.2% lower at ₹839, while it declined 6.7% to hit a low of ₹800 on the BSE.
American Express can onboard new customers in India: RBI
The RBI had last year imposed restrictions on Amex from on-boarding new domestic customers onto its card network.
