Banking Report News - Latest Updates & Headlines
Impact of GST 2.0 short-lived as Credit Card spends moderate, issuance remains healthy: Report
New Delhi, December 25: The impact of GST 2.0 on consumer spending has proved to be short-lived, with card spends moderating after the festive season, even as new card issuance remained healthy, according to a report by Asit C. Mehta Investment Intermediates Limited, a SEBI-registered stock broker.
Credit card spends ease in October as point‑of‑sale transactions grow 22pc
New Delhi, Dec 2: Credit card spending eased by Rs 2.5 billion in October to Rs 2, 142 billion, a moderation of 1.1 per cent month‑on‑month but an increase of 6.1 per cent year‑on‑year, driven by a sharp shift toward point‑of‑sale transactions, a report said on Tuesday.
Govt banks are disadvantaged over private banks because of their dependence on deposits: Report
New Delhi, June 24: Public sector banks (PSBs) in the country rely more on deposits as compared to private banks whereas private sector banks, on the other hand, actively use borrowings to manage their funding needs, according to a report by HDFC Securities.