Asset Quality
Online Shopping Drives Surge In Credit Card Spending
Finance National News

Online Shopping Drives Surge In Credit Card Spending

In February, credit card spending in India surged by 26 per cent year-on-year (YoY) reaching Rs 1.5 lakh crore as per data from the Reserve Bank of India (RBI). This growth occurred despite some restrictions on business payments and increased risk associated with retail lending. With the rise in credit card transactions, brokerage firms are […]

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Online Shopping Drives Surge In Credit Card Spending
Finance National News

Credit Growth In India To Fall Over Slowdown In Retail Deposit: Report

Credit growth in India is expected to moderate down to 12-14 per cent on a yearly basis over the financial year 2024-25-2026-27 from the current 16.5 per cent, according to Emkay Institutional Equities. The loan-to-deposit ratio (LDR) is expected to fall to a reasonable level of 75 per cent from the current high of 80 […]

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