📰 Card Spends News
Card Spends News Today
Fast, Ad-Free News Updates
Stay updated with breaking news from Card Spends. Real-time updates on events, politics, business and more.
April 26, 2024
Tightening of rules, risk weight increases and even ban on select issuers has not derailed fresh credit card issuance and spends, which continue to grow.
October 17, 2023
Analysts say the changes made by banks on credit cards this year reflect the new reality after the sharp 250-basis point increase in interest rates by the Reserve Bank of India (RBI) since May 2022 to restrain inflation. One basis point is 0.01 percentage point. ET analysed credit card rewards and charges for HDFC Bank, SBI Card and Axis Bank, which together make up more than 50% of the outstanding cards in the market.
October 16, 2023
Analysts say the changes made by banks on credit cards this year reflect the new reality after the sharp 250-basis point increase in interest rates by the Reserve Bank of India (RBI) since May 2022 to restrain inflation. One basis point is 0.01 percentage point. ET analysed credit card rewards and charges for HDFC Bank, SBI Card and Axis Bank, which together make up more than 50% of the outstanding cards in the market.