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RBI's credit card curbs are a classic case of 'prevention is better than cure'

By raising the risk weight on banks’ exposure to credit card debt, and cracking down on co-branded credit cards with lax due diligence, the central bank is looking to avert a credit card debt crisis, like the one the US could soon face.

India , United-states , Americans , America , Indian-bank , Payment-services-ltd , Federal-bank , South-indian-bank , Credit-card-debt , Reserve-bank-of-india , Rbi

Why RBI is wary of co-branded credit cards

RBI wants to check the unbridled growth in credit cards and prevent the backdoor entry of firms into the industry.

India , Visa , Axis-bank , Amazon-pay , Cobranded-credit-cards , Credit-cards , Rbi , Credit-card-industry , Hybrid-credit-cards , Fintechs ,

Credit Card Industry Trends in 2024: Insights & Customer Preferences

Let’s explore the latest trends in India's credit card industry and delve into the search factors driving the industry growth.

Bengaluru , Karnataka , India , Chennai , Tamil-nadu , Lucknow , Uttar-pradesh , Mumbai , Maharashtra , Delhi , Hyderabad , Andhra-pradesh

The long road to SBI Cards' recovery

Given the rapid pace of digital adoption, the credit card industry would see higher growth and profitability

Sbi-cards , Digital-adoption , Credit-card-industry , Growth-and-profitability ,

Can't afford to bust Budget '21 for infra push, trigger consumption! Here's what to do

Can't afford to bust Budget '21 for infra push, trigger consumption! Here's what to do
At the core of India's bid to revive the economy lies the question whether the country can spend substantially more on infrastructure building to generate demand. For that, can it borrow much more?
Rajeev Dubey | January 31, 2021 | Updated 16:07 IST
Centre and states must take cues from corporate India and households. Budget-busting loans and expenditure suit everyone but consequences will have to be borne by future generations
KEY HIGHLIGHTS
Economic Survey 2021 recommends India must borrow more to push infrastructure development just as kings used to build palaces in times of downturn or famines

India , Atmanirbhar-bharat , Sdls-state-development , Economic-survey , State-development-loans , Rebooting-economy , Corporate-india , Economic-survey-2021 , Government-debt , Credit-card-industry , Make-in-india , Indian-economy

SBI Cards net profit down 52% to Rs 210 crore in Q3, total income dips

Read more about SBI Cards net profit down 52% to Rs 210 crore in Q3, total income dips on Business Standard. Impairment losses and bad debts jumped 72 per cent YoY in Q3FY21 to Rs 648 crore

Supreme-court , Payments-services , Jindal-steel , Sbi-cards , Bad-debts , Npas , Credit-card-industry , உச்ச-நீதிமன்றம் , கொடுப்பனவுகள்-சேவைகள் , ஜிண்டால்-எஃகு , ஸ்பி-அட்டைகள்

MSNBC Live With Katy Tur-20191025-18:31:00

this? if so, what happened? i'm sorry, i should have given this to ryan. i thought i said your name, ryan. >> they care but i think one of the calculations that biden might be making here is that the people who do care about that are concentrated in his opponent's support base. in other words, elizabeth warren and bernie sanders are racking up big numberwise people who are angry about big money, but ultimately he had to find a rationale to get to a place he needed to be. he's a bad fund-raiser. he didn't fund raise well in 1998, didn't do well in 2008. the obama administration kept him away from donors during the administration, and he never really built a network. he didn't even raise a lot of money from the credit card industry and the banks in wilmington. it was almost like he was doing pro bono work for wilmington

One , Name , Ryan , Calculations , People , Elizabeth-warren , Care , Bernie-sanders , Opponent , Big-numberwise , Support-base , Words

MSNBC Live With Katy Tur-20190912-18:03:00

ago. it might give us a preview of what we might see tonight. >> i submit, senator, that there are many in the credit industry right now who are getting their bankruptcies prepaid. they squeezed enough out of these families in interest and fees and payments that -- >> usualry rates, not bankruptcy. >> i'll be the first. >> i know you will. but let's call a spade a spade. your problem with the credit card companies is usery rates in your position. it's not about the bankruptcy bill. >> senator, if you're not going to fix that problem, you can't take away the last shred of protections for these families. >> you're very good, professor. thank you. >> so is that what we're watching out for, ali? >> i don't know. i mean, these two have a long history. i guess we're going to see if it comes to fruition once again. but we've seen them spar on bankruptcy, the credit card industry. over the course of this campaign there have been contrasts drawn between them. they haven't shared a debate

Senator-sanders , Bankruptcies , Many , Credit-industry , Preview , Problem , Families , Bankruptcy , Rates , Credit-card-companies , First , Interest

MSNBC Live With Hallie Jackson-20190912-14:27:00

campaigns. ali, big question, will elizabeth warren give joe biden hell tonight? what are you hearing? >> if your idea of hell is a policy centric debate, then maybe. because in talking to the warren campaign, they're comfortable with putting this on terms of talking about policy, talking about her plans, and talking about her personal narrative. they're not here for a boxing match. they're here to continue playing their game. but we know that maybe it's to the going to come in the form of attacks, but there are contrasts to be drawn between these two candidates at the center of the stage. joe biden and elizabeth warren. you mentioned they sparred over certain issues in the past, bankruptcy, the credit card industry. she took him sort of under toe 1994 crime bill she wanted to repeal the bulk of. today she came out with a social security expansion plan. she's coming out with a plan on the morning of the debate, but it could sort of show us where she might be going when she's trying to draw the contrast on the stage. they sparred over this a little

Joe-biden , Debate , Idea , Terms , Will , Elizabeth-warren , Campaigns , Hell , Big-question , Warren-campaign , Ali , Policy-centric

The Five-20190903-21:51:00

trump, is he really going to be able to keep up it comes to taking campaign off of his schedule right now when he is not in a hard battle for the front right now. >> brian: wait until next week's debate. every time he goes into debate in a non-scripted situation. it's a carnival of faux pass. we can't wait to see what happens. >> dana: also see if one of the opponents goes after him. it's not going to be because he is a gaffe machine. it will be because of something like his coziness with the credit card industry. geraldo geraldo if he loses new hampshire and iowa, what happens? >> katie: that's the question? is he going to lose the momentum at the front. kamala harris not doing well in the early states either. >> dana: bernie sanders will lose as well. >> katie: he is still in a good position. anyway, one more thing is up next. ♪ ♪

Brian-kilmeade , Campaign , Situation , Debate , Front , Schedule , Battle , Movingth-intermural-club-sports-ofu-ofa-dana , Geraldo , Something , One , Gaffe-machine