by OverviewFX | Sep 2, 2024 | Banking & Finance
MUMBAI: Credit card dues have emerged as the fastest-growing segment among sectors that account for over 1% of total bank loans as of July end. Outstanding credit card balances grew 22% year-on-year to nearly Rs 2.8 lakh crore. The fastest growing segment in personal...
by OverviewFX | Sep 2, 2024 | Banking & Finance
New Delhi, FSIB, the headhunter for directors of state-owned banks and financial institutions, on Monday recommended Rama Mohan Rao Amara for the position of managing director of State Bank of India (SBI). Amara is currently Deputy Managing Director of the bank. He...
by OverviewFX | Sep 2, 2024 | Banking & Finance
India’s largest public sector lender, the State Bank of India, remained the front runner in the Debit cards market, holding a whopping 24 per cent market share in July 2024 while in credit cards HDFC Bank maintained the top position with a 21 per cent market...
by OverviewFX | Sep 2, 2024 | Banking & Finance
HDFC Bank has temporarily suspended its partnership with Apple, citing cost-to-income considerations. The move comes after a five-year collaboration that offered exclusive cashback and EMI benefits to HDFC Bank credit card holders on Apple products.Parag Rao, Group...
by OverviewFX | Sep 2, 2024 | Banking & Finance
CRIF S.p.A. on Monday announced its newest senior appointment, Sachin Seth as Regional Managing Director, India and South Asia.Sachin will report to Marco Benvenuto, Senior Advisor at CRIF Group. According to the company, he aims to drive growth by utilizing the CRIF...
by OverviewFX | Sep 2, 2024 | Banking & Finance
As of July’s end, credit card dues emerged as the fastest-growing sector among those accounting for over 1% of total bank loans, increasing 22% year-on-year to nearly Rs 2.8 lakh crore, ToI reported on September 2. Loans against gold jewellery, however, grew the...
