Coming Soon: Cibil-Like Rating For Drivers

The plan is to offer the ratings of drivers to insurers, which can then customise their premiums -- a higher score meaning a lower premium, for instance, and vice-versa. IMAGE: Kindly note the......

Credit card spending hits record high at Rs 1.4 lakh crore in May

Credit card spending has hit a record high of Rs 1.4 lakh crore in May, the latest data from Reserver Bank of India showed. Illustration: Uttam Ghosh/Rediff.com The total spending or outstanding......

Banking Stocks: Time To Tread Cautiously

The sector seems set for a rally that may be somewhat temporary. Illustration: Uttam Ghosh/Rediff.com Analyst previews of the banking sector are fairly optimistic despite the macro deterioration.......

Wilful defaults are Rs 62,000 crore higher than pre-Covid levels

Public sector banks accounted for 77.4 per cent of the total amount outstanding at Rs 5.3 trillion as of June. Illustration: Uttam Ghosh/Rediff.com The Indian banking system's latest record on......

8 banks recast exposures worth Rs 27,000 cr in OTR 2.0

The country’s largest private lender HDFC Bank had the highest share in restructuring at Rs 17,395 crore, followed by another private lender ICICI Bank at Rs 4,156 crore. Personal loans have......