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Credit card spending in India rises to Rs 1.78 trn in Oct, sets record Industry likely to see loan growth moderating after RBI asks banks, NBFCs to increase risk weight for unsecured lending

IndusInd Bank to allow CNG bill payments through CBDC in Delhi-NCR The users will also be allowed to scan any UPI QR using their digital Rupee app across all IGL stations in the region

Rajasthan general election 2023: Are banks, government offices closed on Saturday? [ad_1] General elections will be held in the state of Rajasthan on Saturday, November 25, 2023. Due to the elections, the government of Rajasthan has declared a holiday. According to the October 16, 2023 notification issued by the state government, the date of the election has been declared a ...

Fund pick: HDFC Flexicap fund Fund pick: HDFC Flexicap fund

Over 50% of Individuals Receive Refunds in a Month [ad_1] (This story originally appeared in on Nov 23, 2023) New Delhi: More than half the individuals and 45% of businesses received income tax refunds within a month, a key factor for more than 80% of the respondents of a CII survey, indicating that they have greater trust in the tax ...

Banks, NBFCs need to be watchful of stress building up: Shaktikanta Das ‘Banks and NBFCs must continue to do stress tests of their books,’ RBI Governor Shaktikanata Das said on Wednesday

Not much impact on margins: RBL Bank on RBI norms for unsecured loans Despite having the highest credit card portfolio in terms of retail assets at over 42 per cent, private sector lender RBL Bank does not see much impact on its margins after the RBI increased the risk weight on unsecured lending. Following a massive rise in unsecured lending ...

NBFCs likely to see assets growth moderating to 16-18% in FY24: CRISIL India’s NBFC sector is expected to record a moderate growth of 16-18 per cent in the current fiscal because of relatively slower expansion on unsecured retail loans due to the recent regulatory measures issued by the RBI, CRISIL Ratings said on Wednesday. Assets Under Management (AUM) of Non-Banking ...

Damage to EV battery, charging station while charging: Insurer launches insurance covers for this [ad_1] Zuno General Insurance (formerly Edelweiss General Insurance) has launched three new add-on insurance covers for electric vehicle (EV) insurance policies. These include insurance for private charging stations, charging accessories and also protection of vehicle during charging. Both these are claimed to be industry firsts by ...

Financial sector must avoid 'all forms of exuberance': RBI governor Banks, NBFCs would be ‘well advised to take precautionary measures in four areas, says Shaktikanta Das