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MUMBAI: The country’s credit card spend is consolidating, with HDFC Bank and State Bank of India moving close to controlling half of total card spending by value, while the top five issuers together have expanded their dominance to 85.6% of transaction value by Jan 2026.The shift marks a migration of high-value spending towards legacy lenders….
NEW DELHI: In a stern message, finance minister Nirmala Sitharaman on Monday asked banks to focus on core banking and said it was an offence to mis-sell insurance products.“I am glad that RBI is coming up with guidance on why mis-selling will not be entertained. The message should go to the banks that you cannot…
Finance minister Nirmala Sitharaman on Monday issued a warning to banks against mis-selling financial products, stressing that such practices now constitute an offence under the Bharatiya Nyaya Sanhita (BNS) and must stop as regulators tighten oversight.Addressing reporters after her customary post-Budget interaction with the RBI Central Board, Sitharaman said banks should return their focus to…
Real estate developers today are also concentrated on high-end and luxurious projects, rather than affordable housing schemes. This is forcing lenders to reconsider their home loan market strategies, according to Antique Stock Broking’s BFSI Conference 2025, cited by ANI. Developers are now reluctant to build homes under Rs 50 lakh due to high land costs,…
The Reserve Bank of India has begun consultations with banks on creating a uniform disclosure format for service charges and removing overlapping fees, as the regulator steps up efforts to streamline customer-facing charges, people familiar with the matter told ET.A senior bank executive said the discussions include having a standardised template that clearly itemises service…
Banks across the Asia–Pacific region are displaying stronger capital health than lenders in the United States and Western Europe, Moody’s said in its latest survey. The agency’s comparison of the largest banking institutions across major markets shows Asia–Pacific banks have accumulated strong capital levels under what it describes as tighter and more cautious regulatory oversight.The…
MUMBAI: Lenders shifted toward secured credit and established borrowers in Q2 FY26, reflecting a tactical move toward asset quality and risk control. According to the CRIF High Mark report, banks and NBFCs increased exposure to secured products, reduced lending to new borrowers, and expanded credit selectively to businesses, especially sole proprietors.Gold loans recorded the fastest…
Representative Image (AI) MUMBAI: Perfios, an India-based B2B SaaS, has teamed up with NeSL, a govt-regulated agency that maintains verified financial records, to use AI and smart data tools to detect early signs of repayment stress. The move aims to help banks lend more safely and quickly, reduce defaults, and expand access to credit. The…
MUMBAI: Lenders are playing it safe, borrowers are being cautious, and fewer youngsters are seeking credit going by trends in Q1FY26, a report by credit bureau TransUnion Cibil showed.The report, which analyses credit trends for the June quarter, said portfolios are tilting towards secured lending, with collateral-backed loans growing faster than consumption-led credit. In the…
Public sector banks (PSBs) have registered their strongest advance growth since 2010, surpassing private lenders for the first time in over a decade. According to a Systematix Group report cited by news agency ANI, PSBs reported 12.2% year-on-year growth in advances in FY25, compared to 9.5% by private sector banks (PVBs).The report noted that PSBs…
