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MUMBAI: Indian banks are navigating a paradox where credit growth is outstripping deposit growth but margins are under pressure. On paper, a scenario where credit outstrips deposit growth should be a recipe for soaring profitability. However, a deeper look into the recent earnings calls of major public sector lenders shows that margins remain under pressure…
Meanwhile, the US Treasury Secretary Scott Bessent said that America had sent warning letters to two Chinese banks. (AI image) Amid Trump’s sanctions, China’s financial regulator has reportedly instructed the country’s biggest banks to temporarily halt fresh lending to five refineries that have been targeted by recent US sanctions over their links to Iranian crude…
Beyond her iconic music and upcoming marriage to NFL player Travis Kelce, Taylor Swift is well known for her acts of kindness and philanthropic efforts. Over the years, time and time again, reports have popped up about how the ‘Elizabeth Taylor’ singer has been giving back to the community or has been lending a helping…
Mumbai: Gold loans have expanded fourfold since March 2022, and their share in the retail credit portfolio is now second only to housing loans at Rs 16.8 lakh crore. However, despite the growth the business is disproportionately concentrated in South India with three states accounting for over 50% of all gold loans.According to the Gold…
On Friday, Mukul Choudhary became an overnight sensation in the IPL, smashing an unbeaten 27-ball 54, including seven massive sixes, to help Lucknow Super Giants (LSG) pull off a heist against Kolkata Knight Riders (KKR) at the iconic Eden Gardens. The 21-year-old was bought by LSG for Rs 2.60 crore. NEW DELHI: “Mila nahin kuch…
MUMBAI: Gold loans have emerged as the top product in new originations and the second-largest retail credit book in India at Rs 16 lakh crore, trailing only home loans at Rs 44 lakh crore, according to credit bureau TransUnion Cibil, even as consumer durable loans, largely for mobile phones, have become the main entry point…
MUMBAI: Behind the triple-digit growth numbers in gold loans is a structural change in the way Indians are viewing their family jewellery. Hocking ornaments of the women of the house, which was earlier seen as a sign of distress borrowing, is now being viewed as a way to monetise ancestral jewellery and bring down the…
MUMBAI: Gold loans are booming. Lending against the yellow metal is expanding at triple-digit rates of 128% year-on-year, propelling personal loans, which in turn underpin the 14.4% overall growth in bank credit as of Jan 31.Data from RBI on the sectoral deployment of bank credit shows personal loans outpacing all other segments. At 34.5%, they…
From struggling for Rs 500 to delivering a Rs 100 crore hit, Abishan Jeevinth’s journey in Tamil cinema is a testament to sheer grit. He defied industry norms, proving that compelling narratives and a determined mindset, not just big budgets, pave the way to success. His recent acting venture, ‘With Love,’ further solidifies his rising…
MUMBAI: RBI has proposed sweeping changes to the kisan credit card (KCC) framework, including the use of central bank digital currency or e-Rupee for farm credit, as part of its draft Commercial Banks–Kisan Credit Card Scheme Directions, 2026, aimed at widening access, improving flexibility, and tightening safeguards for small and marginal farmers.Under the draft directions,…
