Tag: credit
View: India needs more lending — but not to everyone
Indians are justifiably proud of how easy it has become for them to pay for stuff. If you have an Indian phone number and bank…
Credit card spending in India increases 19% to ₹1.7 lakh crore in July 2024
Indian consumers demonstrated a significant increase in their credit card spending in July this year, marking a 19 per cent increase as compared to the…
Banks should focus on increasing deposits as public increasingly shifts to alternate investments: Nirmala Sitharaman
Finance Minister Nirmala Sitharaman on Saturday exhorted banks to focus on their core business and explore new ways to attract deposits, as household savings are…
Fitch Upgrades Pakistan Credit Rating on Better External Funding
Jul 29, 2024 07:08 PM IST Fitch Ratings raised Pakistan’s credit rating, citing reduced risks from external funding after it secured a new bailout from…
fintechs upi credit line: Banks wary of UPI credit even as fintech firms make big plans
Fintechs such as Freo, Jupiter and PayU are betting big on bringing a credit card-like payment experience for consumers on Unified Payments Interface (UPI) that…
gst: 88% MSME say GST reduced cost of goods and services, optimised supply chain
About 88% of Micro, Medium and Small Enterprises say that implementation of Goods and Services tax (GST) has reduced cost of both goods and services…
2000 note ban: Rs 2000 notes cleanup: How the demise of the pink notes is set to supercharge India’s economy
In what may be a consolation to the worried citizens of the country, the Reserve Bank of India‘s decision to withdraw Rs 2,000 banknotes from…
pacs: PACS can be roped in as drone entrepreneurs for spraying fertilizers, pesticides: Coop Min
The government on Thursday said Primary Agricultural Credit Societies (PACS) can be employed as drone entrepreneurs for spraying fertilizers and pesticides, and for survey of…
fldg: RBI rules on FLDG could give lending fillip to fintechs
The Reserve Bank of India (RBI) is all set to allow fintechs to take first loss default guarantee on loans, a move that will see…
credit rating mechanism: Finance Ministry, ADB organise workshop on Expected Loss-based Credit Rating Mechanism
The Ministry of Finance and Asian Development Bank (ADB) on Monday organised a workshop on Expected Loss-based Credit Rating Mechanism. The workshop was addressed by…