Credit Cards News - Latest Updates & Headlines
Slowdown in credit card growth continues, disbursement at 4-year low: Report
New Delhi, March 6: The credit card sector in India is witnessing a slowdown, with disbursement growth falling to a four-year low, according to a report by ACMIIL, a stock market firm.
Credit card spending in India sees 14 pc growth at Rs 1.84 lakh cr in Jan
Mumbai, March 4: Total credit card spending in India reached Rs 1,84,100 crore (Rs 1,841 billion) in the month of January, marking a strong 14 per cent growth (year-on-year), a report showed on Tuesday.
Stress in Credit card segment to peak in coming 1 or 2 quarters: Phillip Capital Report
New Delhi, February 25: The overall credit costs in the credit card segment are expected to peak in the next one to two quarters, according to a report by Phillip Capital.
RBI lifts restrictions on Kotak Mahindra Bank from issuing credit cards, adding customers online
New Delhi, February 12: The Reserve Bank has lifted all restrictions it placed on Kotak Mahindra Bank. On April 24 last year, the RBI imposed certain business restrictions on the private lender.
MSME Credit Cards a game changer, but streamline loan disbursement for grassroots impact: Experts
New Delhi, February 2: The introduction of credit cards for Micro, Small, and Medium Enterprises (MSMEs) is expected to be a transformative move, offering easier access to finance.
Number of credit cards more than doubled to 10.8 cr in 5 years, transactions surge: RBI
New Delhi, Jan 28: The number of credit cards has more than doubled to around 10.80 crore at the end of December 2024, compared to December 2019 when there were 5.53 crore cards in circulation, according to a new RBI report.
Credit card usage in India grows as consumers finance consumption needs
New Delhi, Jan 27: Credit card usage in India grew at 34 per cent in the September quarter of 2024, compared to 26 per cent in the same period in 2023, as consumers increased spending on their existing credit cards to finance their consumption needs, according to a report on Monday.
Rural credit ecosystem in India getting formalised: NABARD Chairman Shaji KV
New Delhi, January 5: India's rural credit ecosystem is increasingly getting formalised and borrowers across the country are preferring formal sources due to a variety of reasons, including interest subventions and subsidised credit, National Bank for Agriculture and Rural Development (NABARD) Chairman Shaji KV told reporters on Sunday.