RBL Bank Q2 net profit down 24% on credit card, MFI exposures stress
MUMBAI: RBL Bank on Saturday reported a 24 per cent decline in net profit in the September quarter to Rs 223 crore on asset quality challenges emanating from credit card…
MUMBAI: RBL Bank on Saturday reported a 24 per cent decline in net profit in the September quarter to Rs 223 crore on asset quality challenges emanating from credit card…
MUMBAI: Credit card dues have continued to rise steadily along with defaults – signalling growing borrower distress. Credit card defaults worsened to 1.8% as of June 2024 from 1.7% just…
MUMBAI: The year-on-year growth in bank credit to non-banking finance companies has decreased sharply to 8.5% as of June 2024. However, credit card outstanding and gold jewellery loans continue to…