Page 11 - Credit Cards

Looking at the canary: Do SBI Cards' bad loans have a deeper meaning?

If Covid-19 causes a fresh havoc to government-bank finances, it could be back to the old story of large-scale losses prompting further capital infusion by the government, writes T N Ninan

American Express profit slumps 40% on lower credit card spending amid Covid

The credit card issuer said consolidated loss provisions in the third quarter ended Sept. 30 stood at $665 million, down 24% from a year earlier

Paytm enters co-branded credit card biz, to add 2 mn users in 18 months

Paytm, in a statement, said it is aiming to transform the credit market by enabling ''new to credit'' users to join the digital economy

Weak credit card spends due to job loss snatch banks' low-hanging fruits

September's seven per cent year-on-year credit card outstanding is the poorest in recent years

Digital payments rise at 55% CAGR vy volume in five years to FY20: RBI data

By value, they have grown from Rs 920.38 trillion to Rs 1,623.05 trillion, clipping at a CAGR of 15.2%

Biz optimism returning, economic recovery to be L-shaped: Axis Bank MD

He was quick to add that we are not completely out of the woods yet and a sustained recovery may take a few quarters

From road transport to health insurance, tax rules that changed from Oct 1

TCS at the rate of 5% imposed on money remitted outside India

Hackers break into 570 e-commerce stores including in India: Gemini report

Group known as 'Keeper' stole information from Mumbai-based online jewellery store ejohri.com that was allegedly compromised in February.

Credit cards, Gold ETFs: How India spent and saved during Covid-19 lockdown

Despite the government's efforts to stem the economic fallout of the pandemic, the fall in income levels triggered a fall in consumption/spending

Why taking loan against FDs is a better option than high-cost credit cards

Take this loan as an overdraft facility and pay interest only on the amount utilized

Delinquencies in the credit card industry improved by 5 bps in 2019

Private banks put up a better show than other card financiers

Yes Bank customers can make Rs 2 lakh payments for loans via other banks

The announcement comes a day after its customers were allowed inward IMPS and NEFT services for the same purposes

Only 6% of adults aged till 24 are credit active in India, says report

Gen Z is the newest generation born between 1995 and 2015

Plastic fantastic: Visa, Mastercard could be the next $1 trillion companies

Stock prices of both Visa and Mastercard have gained roughly 50 per cent in the past year.

These five money tips for entry-level employees make their life easy

The idea is not to curb spending, but to start saving as well

Premium cards that cater to the snobbery of India's HNIs and ultra-HNIs

These products come with special privileges for travel, shopping, golf, and other services. A few are exclusive or invite-only, others are available for a high fees

How India's millennial credit card boom is running into Ambani's ambitions

India's richest man, Mukesh Ambani, wants to connect 30 million small retailers with common inventory-management, billing and tax platforms as well as low-cost payment terminals

Credit card spend expected to grow to Rs 15 trillion by FY24: Report

Moreover, the number of credit cards outstanding is also projected to grow at fast pace of 23 per cent CAGR in the next five years

Why debit, credit cardholders should remain beware of Joker's Stash

The darknet or darkweb is parallel to the internet but provides users with anonymity, which is often exploited for criminal activities

Use credit cards as convenient means to pay, not as instruments to borrow

Credit cards: Avoid the minimum amount repayment trap