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News

@bsindia
business-standard.com-standard.com

New credit card offers 7.5% cashback on DMart, Blinkit, Zepto, BigBasket

3+ day, 18+ hour ago   (364+ words) Business Standard If a large part of your monthly household budget goes towards groceries, a new credit card launched by Federal Bank and Paisabazaar could help you earn more cashback on one of the most frequent expenses The Federal Bank…...

@bsindia
business-standard.com-standard.com

APAR Industries receives upgrade in LT credit rating for bank facilities

3+ day, 13+ hour ago   (58+ words) Business Standard APAR Industries receives upgrade in LT credit rating for bank facilities Long term bank facilities - CARE AA; Stable (upgraded) Long term / short term bank facilities - CARE AA; Stable / CARE A1+ (upgrade long term rating and reaffirmed short term rating)…...

@bsindia
business-standard.com-standard.com

73% of aspirational credit comes from rural, semi-urban India: Report

3+ day, 16+ hour ago   (481+ words) Gen Z, informal workers and micro ventures are becoming increasingly important to lenders...

@bsindia
business-standard.com-standard.com

How Gen Z Is Changing India's Credit Landscape

6+ day, 10+ hour ago   (391+ words) As instant gratification becomes the norm, AI is helping lenders keep pace with a generation that expects credit to work like everything else in its digital life—quickly, seamlessly and at the moment of need. By Rajit Bhattacharya, Co-founder and…...

@bsindia
business-standard.com-standard.com

Credit card industry sees revolving balances moderate, says Axis Bank

1+ week, 3+ day ago   (360+ words) Axis Bank says greater repayment awareness and digital reminders are reducing revolving balances, while card spending and EMI conversions continue to support growth India’s credit card industry is undergoing both a change in consumer behaviour and a cyclical adjustment,…...

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business-standard.com-standard.com

Strong and diverse credit system is essential for India, says RBI Deputy Governor

1+ week, 3+ day ago   (154+ words) Business Standard Shirish Chandra Murmu, Deputy Governor of the Reserve Bank of India has noted that a strong and diverse credit system is essential for India as our financial sector is changing fast, driven by technology, new customer expectations, and…...

@bsindia
business-standard.com-standard.com

Commercial sector funding more than doubles to ₹10.65 trn in April-July

2+ week, 4+ day ago   (301+ words) Non-food bank credit jumped to ₹6.69 trillion from ₹0.73 trillion a year earlier, while total outstanding credit from bank and non-bank sources rose 17.4 per cent by July-end The flow of financial resources to the commercial sector more than doubled to ₹10.65 trillion…...

@bsindia
business-standard.com-standard.com

India's credit footprint expands as new states emerge as growth centres | Finance News

3+ week, 2+ day ago   (189+ words) Credit growth is shifting from traditional strongholds such as Tamil Nadu and Maharashtra towards Uttar Pradesh, Bihar and Madhya Pradesh, but penetration still trails developed markets Nearly three-fourths of India’s population has accessed credit at least once, with early…...

@bsindia
business-standard.com-standard.com

Vehicle loans soar, but half the borrowers have ₹60 lakh+ debt exposure

3+ week, 3+ day ago   (446+ words) Business Standard...

@bsindia
business-standard.com-standard.com

BHEL receives upgrade in credit ratings for LT bank facilities

1+ mon, 1+ day ago   (43+ words) business-standard.com BHEL receives upgrade in credit ratings for LT bank facilities From India Ratings and Research Further, the rating on short term bank facilities and commercial paper has been reaffirmed at IND A1+....