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
In March 2024 alone, credit card expenditures surged by approximately 10% to ₹1.64 lakh crore from ₹1.49 lakh crore in February
NBFCs' bank funding costs could rise by 40 basis points - 60 basis points, says Fitch
This excludes housing loans, education loans, vehicle loans, loans secured by gold and gold jewellery, and microfinance loans
There could be a significant loss of business for the domestic travel industry, says Mohit Kabra, Group CFO, MakeMyTrip
International credit cards are being issued with limits in excess of the current LRS limit of $2,50,000, says Ministry of Finance
Credit card spends on foreign trips will now attract 20% TCS from July 1
With youngsters latching on to the consumption bandwagon, their finances are increasingly under pressure.
Bank account-to-account transactions continue to remain free for customers and merchants, says UPI operator NPCI.
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.
The RBI had last year imposed restrictions on Amex from on-boarding new domestic customers onto its card network.