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Axis Bank estimates a 17-18% hit on new cards after ban on Mastercard

New Delhi, July 26 -- Private sector lender Axis Bank estimates a 17-18% hit on credit card issuances owing to a central bank ban on global card network Mastercard, a senior official said on Monday. ... Read More


Axis Bank sees 17-18% hit on card issuances from Mastercard ban

New Delhi, July 26 -- Private sector lender Axis Bank estimates a 17-18% hit on credit card issuances owing to a central bank ban on global card network Mastercard, a senior official said on Monday. ... Read More


SBI Card recasts Rs.258 crore dues in Q1, fewer requests in July, says CEO

Mumbai, July 25 -- SBI Cards and Payment Services Ltd (SBI Card) has restructured credit card dues of Rs.258 crore in the June quarter under the second leg of Reserve Bank of India's (RBI's) debt reca... Read More


Second covid wave leads to retail stress buildup at Yes Bank

Mumbai, July 23 -- Like its peers, private sector lender Yes Bank also witnessed a deterioration in asset quality of its retail loans in the June quarter, a trend that mirrors the impact of the second... Read More


Yes Bank sees retail stress build up due to second wave

Mumbai, July 23 -- Like its peers, private sector lender Yes Bank also suffered a deterioration in the asset quality of its retail loans in the June quarter, reflecting the shock impact of the second ... Read More


RBI digital currency in the works: deputy guv

New Delhi, July 22 -- The Reserve Bank of India (RBI) is currently working on a phased implementation strategy for a central bank digital currency (CBDC) and examining use cases to ensure that there i... Read More


RBI working towards phased implementation for a digital currency

New Delhi, July 22 -- The Reserve Bank of India (RBI) is currently working towards a phased implementation strategy for a central bank digital currency (CBDC) and examining use cases to ensure there i... Read More


'We feel Videocon's resolution value is too low': Bank of Maharashtra CEO

MUMBAI, July 22 -- Bank of Maharashtra, among the three lenders that moved an appeals court against Vedanta group firm's resolution plan for Videocon Group, feels that the resolution value is too low,... Read More


Vedanta may have to shell out more cash for Videocon

New Delhi, July 22 -- Lenders to Videocon Industries Ltd are likely to seek higher upfront cash from the Vedanta group, which won the bid to acquire the bankrupt company, three people aware of the mat... Read More


Three-wheeler delinquencies at the heart of Bajaj Finance's asset quality woes

New Delhi, July 20 -- Non-bank financier Bajaj Finance witnessed a rise in delinquencies in the three months to June, emanating from its the auto finance business and specifically because its three-wh... Read More