Page 4 - Credit Cards

ICICI gains at HDFC Bank's expense, issues 665,000 incremental credit cards

The RBI directed HDFC Bank to halt all its digital launches as well as new sourcing of credit card customers

HDFC Bank: Credit card biz, Covid-19 second wave pose near-term threat

A fresh Covid wave can potentially disrupt the recovery of businesses hurting some sections of HDFC Bank's loan book, analysts say

End of the plastic smile: Tectonic change is roiling credit card industry

Tectonic change is roiling the credit card industry, and the rules of the game are being reset

RuPay set to expand credit card business in India, take it to masses

Introduced 9 yrs ago, the indigenous card payment network has cornered a sizeable market share, thanks to govt push

SBI Cards m-cap tops Rs 1-trillion; Five factors that are driving the stock

The firm's m-cap is now more than that of Tata Motors, Shree Cement, and JSW Steel

RuPay's market share tops 60% in total cards issued, says RBI report

As of November 2020, around 603.6-million RuPay cards have been issued by nearly 1,158 banks

Saving face can be an expensive business

Interest waiver relief was a complete waste of taxpayers' money. It only enabled the government to provide the Supreme Court judges a face-saving way out of the mess of their own making

Facing credit card woes amid pandemic? Look for lower-cost credit options

Defaulting on card dues could restrict access to credit in future

Looking at the canary: Do SBI Cards' bad loans have a deeper meaning?

If Covid-19 causes a fresh havoc to government-bank finances, it could be back to the old story of large-scale losses prompting further capital infusion by the government, writes T N Ninan

American Express profit slumps 40% on lower credit card spending amid Covid

The credit card issuer said consolidated loss provisions in the third quarter ended Sept. 30 stood at $665 million, down 24% from a year earlier

Paytm enters co-branded credit card biz, to add 2 mn users in 18 months

Paytm, in a statement, said it is aiming to transform the credit market by enabling ''new to credit'' users to join the digital economy

Weak credit card spends due to job loss snatch banks' low-hanging fruits

September's seven per cent year-on-year credit card outstanding is the poorest in recent years

Digital payments rise at 55% CAGR vy volume in five years to FY20: RBI data

By value, they have grown from Rs 920.38 trillion to Rs 1,623.05 trillion, clipping at a CAGR of 15.2%

Biz optimism returning, economic recovery to be L-shaped: Axis Bank MD

He was quick to add that we are not completely out of the woods yet and a sustained recovery may take a few quarters

From road transport to health insurance, tax rules that changed from Oct 1

TCS at the rate of 5% imposed on money remitted outside India

Hackers break into 570 e-commerce stores including in India: Gemini report

Group known as 'Keeper' stole information from Mumbai-based online jewellery store ejohri.com that was allegedly compromised in February.

Credit cards, Gold ETFs: How India spent and saved during Covid-19 lockdown

Despite the government's efforts to stem the economic fallout of the pandemic, the fall in income levels triggered a fall in consumption/spending

Why taking loan against FDs is a better option than high-cost credit cards

Take this loan as an overdraft facility and pay interest only on the amount utilized

Delinquencies in the credit card industry improved by 5 bps in 2019

Private banks put up a better show than other card financiers

Yes Bank customers can make Rs 2 lakh payments for loans via other banks

The announcement comes a day after its customers were allowed inward IMPS and NEFT services for the same purposes