[ad_1] Credit card usage has undoubtedly risen considerably in the past few years, primarily steered by increased consumer spending and the growing popularity of digital payments. However, non-performing assets (NPAs) in the credit card segment also spiked by 28.42 per cent to â‚ą6,742 crore during the 12-month period ended December 2024, the latest Reserve Bank…
[ad_1] One person who attended the dinner said the event was meant to underline Union Bank’s intent to offload bad loans. In FY25, the attendee said, the bank wanted to sell loans worth ten times more than those sold the previous year. The ambitious target came as music to the ears of an industry grappling…
[ad_1] Mumbai: Bajaj Finance’s loan loss provisions surged in the first quarter (April-June) of this financial year, driven largely by muted collections and higher provisioning requirements for ageing delinquencies. This, the Pune-based non-bank lender said, has prompted it to now focus on improving its collection efficiency, which indicates the proportion of a loan’s repayment amount…
