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Banks' Loan Growth Slows For 8th Straight Month In February: RBI Data
Loan growth at Indian banks moderated for an eighth straight month in February, central bank data showed on Thursday, due to a drop in personal and credit card loans following tighter rules by the Reserve Bank of India.
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Finance Minister Unveils 6 New Schemes, Raises Kisan Credit Card Limit
Finance Minister Nirmala Sitharaman on Saturday announced six new schemes and increased the subsidised Kisan Credit Card (KCC) loan limit to Rs 7 lakh from Rs 5 lakh.
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Finance Minister Proposes ID Cards for Gig Workers, UPI-Linked Credit Cards for Street Vendors
Finance Minister Nirmala Sitharaman announced in her Union Budget 2025 speech that gig workers will receive ID cards and healthcare access via a social security scheme. The government will invest in street vendors and online workers, providing identity cards and e-Shram portal registration. The PM SVANidhi scheme will be revamped with enhanced bank...
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5 Things to Know About Key Technology-Related Announcements From the Union Budget 2025
Finance Minister Nirmala Sitharaman announced new measures as part of the Union Budget 2025, including expanded broadband for government schools, a boost for local manufacturing of components, and insurance for nearly 1 crore gig workers. Loan limits under the PM Swanidhi scheme will increase, and a new Rs. 30,000 credit card linked to the NPCI's U...
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Experts Warn Of Gen Z's Growing Debt Crisis As Cost Of Living Surges: Report
Gen Z, the generation born between 1997 and 2012, is accumulating debt faster than any other age group, largely due to rising living costs and the lingering effects of the COVID-19 pandemic.
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RBI Tightens Norms For Personal Loans, Credit Cards Amid Demand Surge
The Reserve Bank Of India (RBI)on Thursday tightened norms for personal loans and credit cards, raising the risk of slowing loan growth.
-
Insurers Praise Move To End Credit Card Repayment For Loans On Insurance
Regulator Irdai's decision to bar repayment of loans taken against life insurance policies through credit cards is a good move and will prevent policyholders from falling into a debt trap, according to insurers.
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Paytm Payments Bank Wins Final RBI Nod, Can Operate as Bharat Bill Payment Operating Unit
Paytm Payments Bank said on Monday that the company had received final approval from the Reserve Bank of India to offer bill payment services in the country. The service can now function as a Bharat Bill Payment Operating Unit (BBPOU) in India, with support for bill payment services of electricity, phone, DTH, water, gas insurance, loan repayments,...
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Apple Says Will Fund Pay Later Loans Off Its Own Balance Sheet
Apple says it plans to fund loans for its forthcoming Apple Pay Later service off its corporate balance sheet. Loans and creditworthiness decisions will be handled by a wholly owned subsidiary, Apple Financing LLC. ​
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Airtel Launches Credit Card in Partnership With Axis Bank
Airtel and Axis Bank announced a collaboration for offering financial services, starting with a co-branded credit card for subscribers of the telecom services company.
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Government Issues Advisory For Parents And Students On Rising Ed-tech Companies
The parents and students are advised not to sign up for any loans and to avoid credit/debit cards registration on apps for subscriptions
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Had Loans To Pay, No Bank Balance Or Credit: Sharad Kelkar On Financial Struggle
"They don't know the backstory," said the actor
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Non-Food Bank Credit Growth Slid In May 2021: RBI Data
Non-food bank credit growth decelerated and stood at 5.9 per cent in May 2021 as compared to 6.1 per cent in May 2020, as per RBI data.
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West Bengal Government Launches Student Credit Card Scheme
This scheme has been designed to support the students to pursue secondary, higher secondary, madrasah, undergraduate and postgraduate studies including professional degree and other equivalent courses at institutes within and outside India, according to an official statement.
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IndusInd Bank Launches Digital Lending Platform 'IndusEasyCredit': Check Benefits
The new digital platform will allow both existing and non-IndusInd Bank customers to avail personal loans or credit cards on a single platform
![[Partner Content] OPPO F27 Pro+ 5G: Testing India's Most Durable Phone](https://c.ndtvimg.com/2024-06/f2kd0anc_oppo-f27_640x480_17_June_24.jpg?downsize=245:163 "[Partner Content] OPPO F27 Pro+ 5G: Testing India's Most Durable Phone")
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Banks' Loan Growth Slows For 8th Straight Month In February: RBI Data
Loan growth at Indian banks moderated for an eighth straight month in February, central bank data showed on Thursday, due to a drop in personal and credit card loans following tighter rules by the Reserve Bank of India.
-
Finance Minister Unveils 6 New Schemes, Raises Kisan Credit Card Limit
Finance Minister Nirmala Sitharaman on Saturday announced six new schemes and increased the subsidised Kisan Credit Card (KCC) loan limit to Rs 7 lakh from Rs 5 lakh.
-
Finance Minister Proposes ID Cards for Gig Workers, UPI-Linked Credit Cards for Street Vendors
Finance Minister Nirmala Sitharaman announced in her Union Budget 2025 speech that gig workers will receive ID cards and healthcare access via a social security scheme. The government will invest in street vendors and online workers, providing identity cards and e-Shram portal registration. The PM SVANidhi scheme will be revamped with enhanced bank...
-
5 Things to Know About Key Technology-Related Announcements From the Union Budget 2025
Finance Minister Nirmala Sitharaman announced new measures as part of the Union Budget 2025, including expanded broadband for government schools, a boost for local manufacturing of components, and insurance for nearly 1 crore gig workers. Loan limits under the PM Swanidhi scheme will increase, and a new Rs. 30,000 credit card linked to the NPCI's U...
-
Experts Warn Of Gen Z's Growing Debt Crisis As Cost Of Living Surges: Report
Gen Z, the generation born between 1997 and 2012, is accumulating debt faster than any other age group, largely due to rising living costs and the lingering effects of the COVID-19 pandemic.
-
RBI Tightens Norms For Personal Loans, Credit Cards Amid Demand Surge
The Reserve Bank Of India (RBI)on Thursday tightened norms for personal loans and credit cards, raising the risk of slowing loan growth.
-
Insurers Praise Move To End Credit Card Repayment For Loans On Insurance
Regulator Irdai's decision to bar repayment of loans taken against life insurance policies through credit cards is a good move and will prevent policyholders from falling into a debt trap, according to insurers.
-
Paytm Payments Bank Wins Final RBI Nod, Can Operate as Bharat Bill Payment Operating Unit
Paytm Payments Bank said on Monday that the company had received final approval from the Reserve Bank of India to offer bill payment services in the country. The service can now function as a Bharat Bill Payment Operating Unit (BBPOU) in India, with support for bill payment services of electricity, phone, DTH, water, gas insurance, loan repayments,...
-
Apple Says Will Fund Pay Later Loans Off Its Own Balance Sheet
Apple says it plans to fund loans for its forthcoming Apple Pay Later service off its corporate balance sheet. Loans and creditworthiness decisions will be handled by a wholly owned subsidiary, Apple Financing LLC. ​
-
Airtel Launches Credit Card in Partnership With Axis Bank
Airtel and Axis Bank announced a collaboration for offering financial services, starting with a co-branded credit card for subscribers of the telecom services company.
-
Government Issues Advisory For Parents And Students On Rising Ed-tech Companies
The parents and students are advised not to sign up for any loans and to avoid credit/debit cards registration on apps for subscriptions
-
Had Loans To Pay, No Bank Balance Or Credit: Sharad Kelkar On Financial Struggle
"They don't know the backstory," said the actor
-
Non-Food Bank Credit Growth Slid In May 2021: RBI Data
Non-food bank credit growth decelerated and stood at 5.9 per cent in May 2021 as compared to 6.1 per cent in May 2020, as per RBI data.
-
West Bengal Government Launches Student Credit Card Scheme
This scheme has been designed to support the students to pursue secondary, higher secondary, madrasah, undergraduate and postgraduate studies including professional degree and other equivalent courses at institutes within and outside India, according to an official statement.
-
IndusInd Bank Launches Digital Lending Platform 'IndusEasyCredit': Check Benefits
The new digital platform will allow both existing and non-IndusInd Bank customers to avail personal loans or credit cards on a single platform
