Bank credit growth is expected to moderate 200 basis points (100 basis points is equal to 1 percentage point) to 14 per cent this year after an estimated robust growth of 16 per cent last financial year, according to Crisil Ratings.
According to CareEdge Ratings, gross bank credit offtake showed a year-on-year increase of 20.2 per cent in March 2024, attributed largely to the merger between HDFC Bank and HDFC Ltd.
CareEdge Ratings estimates bank credit growth in India to be in the range of 14-14.5 per cent in financial year 2024-25. In current financial year 2023-24, credit offtake is anticipated to close with a growth of around 16 per cent excluding the HDFC merger.
Pune (Maharashtra) [India], February 10: Bajaj Markets, a subsidiary of Bajaj Finserv, holds a treasure trove of credit cards that can make one's Valentine's Day unlike any other. For those looking to indulge in a memorable dining experience without breaking the bank, credit card dining offe
New Delhi [India], January 30: Axis Bank, being one of India's biggest private banks offers credit cards to cater to individuals with varied spending preferences. One can choose a credit card based on the lifestyle i.e. shopping, travel, rewards, and cashbacks. From basic credit cards to pre
New Delhi [India], January 24: AU Small Finance Bank (AU SFB), India's largest SFB, introducers a range of credit cards designed to enhance your spending experience beyond the ordinary. These credit cards are not just about transactions; they serve as gateways to a world of rewarding experie
According to Fitch Ratings, these transactions involve the securitization of receivables from a pool of revolving credit card accounts originated by Citibank, N.A. The class A notes have a Stable Outlook, and Fitch's evaluation is based on various key factors.
New Delhi [India], November 14: The festive season is a time of joy, celebration, and, often, a time of increased expenses. Whether it's buying gifts for loved ones, planning holiday trips, or indulging in festive treats, the financial demands of the holidays can add up quickly. This is wher
This initiative seeks to provide much-needed relief to the MSME sector and has resulted in the disbursal of over Rs 256 crore to MSMEs, facilitating increased bank credit flow by freeing up guarantees, read the Ministry of Finance press release.
New Delhi [India], September 18: Prebooked customer of Aptronix are entitled to receive a Flat 30% OFF on Protect+ with AppleCare Services, Exchange bonus of upto Rs 9,000, and Instant Upfront Cashback of upto Rs 5,000 on HDFC Bank Credit and Debit Cards.
Pune (Maharashtra) [India], September 14: Bajaj Markets, a subsidiary of Bajaj Finserv, is one of India’s leading marketplaces for credit cards and other financial products. It has recently joined hands with IndusInd Bank to provide credit cards with attractive offers and benefits.
New Delhi [India], September 1: Motorola, India’s best 5G smartphone brand, today announced the launch of moto g84 5G. Set to disrupt Indian smartphone market with its pantone curated colours, ultra-premium design and an exceptional 120Hz, 10-bit, billion colours pOLED display coupled with t