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MONEY & BANKING
CREDIT CARDS & DEBIT CARDS:
Slowdown hits credit cards business
Delinquencies rise, high interest rate on outstanding balances. Mumbai, April 19 The negative impact of the economic slowdown is clearly showing on the credit cards segment. The number of outstanding credit cards declined drastically by 28 lakh ...
INSIGHT:
The fall and rise of IMF
An unintended (?) consequence of the recently held G-20 meeting has been the re-emergence of the International Monetary Fund at the centre of the international financial system. Created at the end of World War II, as a result of the brainwave ...
INTERVIEW:
‘There is huge opportunity for credit rating business’
Positive outlook due to Basel II norms, RBI stipulations, says Crisil MD & CEO. Mumbai, April 19 Even as the hard reality of 5-6 per cent growth in 2009 and 2010 is slowly sinking in, the credit rating business in the country is expected to ...
NON-PERFORMING ASSETS:
SIB exceeds NPA recovery target by 50%
Coimbatore, April 19 South Indian Bank has not only managed to contain fresh NPAs but has exceeded its NPA recovery target by 50 per cent. The bank has recovered Rs 150.95 crore, against its annual recovery target of Rs ...
PUBLIC SECTOR BANKS:
Indian Bank’s credit up 30% last year
Chennai, April 19 Indian Bank’s advances book grew 30 per cent last year. The book was Rs 39,000 crore at the end of March ...
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