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ET Analysis: Bulk of credit card loans are subprime

Despite the RBIs imposition of higher risk weights on unsecured lending, credit card outstanding has grown by 34 percent year-on-year as of end-November. The outstanding dues amount to Rs 2.4 lakh crore, accounting for 5 percent of retail loans. The RBI has been encouraging the use of technology and underwriting models to mitigate risk.
Madan Sabnavis Sanjay Agarwal Reserve Bank Bretail Segment Credit Card Dues Unsecured Lending

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Soaring credit card dues a new source of concern for RBI

Despite the RBIs imposition of higher risk weights on unsecured lending, credit card outstanding has grown by 34 percent year-on-year as of end-November. The outstanding dues amount to Rs 2.4 lakh crore, accounting for 5 percent of retail loans. The RBI has been encouraging the use of technology and underwriting models to mitigate risk.
Madan Sabnavis Reserve Bank Bretail Segment Sanjay Agarwal Credit Card Dues Unsecured Lending

Banks could prescribe debt-to-income ratio for healthy retail loan book: Study

Policy researchers suggest using debt-to-income (DTI) limits and loan-to-value (LTV) ratios as effective macroprudential tools for retail loans. A study by RBI economists highlights the importance of monitoring the retail segment for stress build-up. The sustainability of retail credit flows depends on the health of households, banks, and non-bank financial corporations. Policymakers should consider using structural prudential tools like debt-service ratio and DTI limits. Additionally, credit un...
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Barnes & Noble Education Reports Second Quarter Fiscal Year 2024 Financial Results

06.12.2023 - Barnes & Noble Education, Inc. (NYSE: BNED), a leading solutions provider for the education industry, today reported sales and earnings for the second quarter ended on October 28, 2023. Barnes & Noble Education is a highly seasonal business, and the ...
United States National Center Textbook Exchange Company Retail Segment Barnes Noble Education Inc Vitalsource Technologies Inc

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