In November 2023, the Reserve Bank, fearing a bubble build-up in the unsecured loans segment, which has been growing at three times the other loans for nearly two years, asked credit card issuing banks to set aside 25 percentage points more money as risk capital, taking the total to 150%.
Still, banks continued to aggressively push credit cards and since the second quarter almost all lenders have begun to report higher delinquencies. The worst affected ones are Kotak Mahindra Bank, RBL Bank, and Axis Bank, among others.
This story is from the December 06, 2024 edition of The New Indian Express.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the December 06, 2024 edition of The New Indian Express.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Wake-up call
Actor Thambi Ramaiah on the importance of making films that promote moral values, working with his son Umapathi, his bond with Samuthirakani, and more
'I fled Iran because I have more stories to tell'
..saysS Mohammad Rasoulof, an Iranian filmmaker living in exile in Germany, whose latest work, The Seed of the Sacred Fig, represents his adopted country at the Oscars
Paul Mescal to play Paul McCartney?
In a conversation with Christopher Nolan at the Directors Guild of America in Los Angeles, Scott confirmed that he is working on a post-apocalyptic thriller titled The Dog Stars.
Meet the parents 4 in the works
Actors Robert De Niro, Ben Stiller, Teri Polo and Blythe Danner are in negotiations to reprise their roles in the fourth installment of the Meet The Parents franchise.
ASAP Rocky to play the lead in High and Low
In a major cast announcement in Spike Lee's High and Low, American rap artist ASAP Rocky has joined the film as the lead actor.
DHANUSH'S NEEK TO RELEASE IN FEBRUARY 2025
DHANUSH's upcoming directorial Nilavukku En Mel Ennadi Kobam (NEEK) has set a Valentine's week release in 2025.
Melding melody with magic
COME December, the Chennai sun softens its glare; the sultry air gives way to a refreshing coolness, and the breeze whispers through the streets.
ON A LEGEND'S FOOTSTEPS
Garnering praises Viswanathan had more than one reason to remember that character that fetched him the Kodai Nataka Vizha award. It was made more special when eminent theatre and cine actor VS Raghavan, who was also the chief guest, said, \"Ramesh lived with the character.\"
Publicity stunt or showcasing stupidity?
The columnist is a writer and illustrator
CHRISTIAN DIOR'S DESIGNER OF DREAMS EXHIBITION HEADS TO SAUDI ARABIA
FASHION tourism has emerged as a booming trend in recent years, as style-conscious travellers increasingly seek destinations that blend cultural exploration with sartorial experiences.
