TOKYO (dpa-AFX) - The value of overall bank lending in Japan was up 6.2 percent on year in February, the Bank of Japan said on Monday - coming in at 578.104 trillion yen.That followed the downwardly
By the end of last year, the average household credit card balance fell to $8,089, WalletHub found.
Credit cards are one of the most expensive ways to borrow money. Card rates now stand at 15.99%, on average, down slightly from a record high of 17.85%.
Many experts predict there could be a surge in consumer spending once more people are vaccinated and Covid-related restrictions are lifted, which could undo some of the recent progress made toward paying down debt.
Consumers have plenty of purchasing power that will combine with pent-up demand to provide accelerants for growth, the trade association said.
The $1.9 trillion economic relief and stimulus bill would provide an additional boost. The Democratic-led House plans to vote on the Senate legislation Tuesday so that
Read more about SBI Card board to mull fund raising on 12 March on Business Standard. The company is planning to raise upto Rs 2,000 crore though issue of non-convertible debentures (NCDs) in one or more tranches.
Read more about MIDHANI gains on issuing CPs worth Rs 50 cr to Union Bank of India on Business Standard. Mishra Dhatu Nigam (MIDHANI) gained 1.44% to Rs 197 after the PSU company said it raised Rs 50 crore by allotting commercial papers to Union Bank of India on a private placement basis.