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Credit card spends jump 57% in September

Credit card spends jumped 57 per cent year-on-year (YoY) in September, aided by the festive season. Illustration: Uttam Ghosh/Rediff.com According to the latest Reserve Bank of India (RBI) data,......

Policybazaar's Rs 5.8k-crore IPO to open on Nov 1

PB Fintech, the parent of Policybazaar and Paisabazaar, has set a price band of Rs 940-950 apiece for its initial public offering (IPO), which will open on November 1 and close on November 3. The......

Will come back with a bang in credit cards: HDFC Bank CEO Jagdishan

A day after the Reserve Bank of India (RBI) lifted its ban on HDFC Bank on issuing new credit cards, the country’s largest private sector lender on Wednesday said it had resources and plans......

HDFC Bank writes off Rs 3,100-crore NPAs in Q1

The bank expects to have better recoveries in Q2FY22 as restrictions are lifted and economic activity gathers steam. The country’s largest private lender HDFC Bank’s bad-loan......

How RBI's bar on Mastercard impacts Indian banks

The RBI ban is only on fresh issuances, while the existing cards business remains unimpacted. The Reserve Bank of India's (RBI's) move to ban Mastercard from issuing new cards for not complying......

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