Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
Credit card delinquencies increase by 110 bps to 7.6%
The New Indian Express Kannur
|December 15, 2024
INDICATING the rising indebtedness of individuals and households, delinquency rates among credit card issuers or the portfolio at risk in the banking parlance, have risen by as much as 110 basis points to 7.6% as of June 2024 from 6.5% in June 2023.
While the numbers from an analysis by a credit information bureau Crif Highmark, is for the June quarter, when banks didn't report much stress, in the second quarter nearly all issuers, led by Kotak Mahindra Bank, IndusInd Bank, RBL Bank and Axis Bank, among others, had reported higher delinquencies.
The average balance per card also rose to ₹32,233 by June 2024 from ₹28,919 in June 2023, the report said, indicating the rising indebtedness of cardholders.
This story is from the December 15, 2024 edition of The New Indian Express Kannur.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The New Indian Express Kannur
The New Indian Express Kannur
Growth must be accompanied by equitable distribution: C Rangarajan
FORMER Reserve Bank of India governor, C Rangarajan on Monday emphasised that India’s ambition to become a developed nation by 2047 hinges not only on sustained high growth but also on a conducive global environment and cooperative international policies.
1 min
October 28, 2025
The New Indian Express Kannur
GST 2.0 to drive jobs, economic growth: FinMin
DUE to goods and services tax (GST) reforms coupled with other policy measures, India will continue its economic growth momentum, create more employment opportunities and boost consumption, according to the Monthly Economic Review for September released by the Ministry of Finance on Monday.
1 min
October 28, 2025
The New Indian Express Kannur
West doesn't practise what it preaches, says Jaishankar
EXTERNAL Affairs Minister S Jaishankar on Monday took a swipe at the Western nations, accusing them of selectively applying global principles and distorting the international energy market through restrictive practices.
1 min
October 28, 2025
The New Indian Express Kannur
Shah showcases big maritime strength
680 MoUs worth ₹10 lakh crore to be signed
1 mins
October 28, 2025
The New Indian Express Kannur
Students won't tie knots anymore as Raj makes school dress uniform
IN a step toward standardising the education system, the Rajasthan Education Department has introduced a common uniform for students in both government and private schools.
1 mins
October 28, 2025
The New Indian Express Kannur
Don’s daughter takes up battle for RJD
IN therun-up to the Bihar state Assembly elections, a fascinating battle is unfolding in Lalganj, which is distant just 39 kilometres from the state capital of Patna.
1 min
October 28, 2025
The New Indian Express Kannur
‘INITIAL LEARNING IN MOTHER TONGUE VERY IMPORTANT’
Proficiency in one language makes picking up another easier, Sanjay Kumar, Secretary, Dept of School Education, tells the 28th edition of Delhi Dialogues
6 mins
October 28, 2025
The New Indian Express Kannur
Sona Comstar puts JV with China’s Jinnaite Machinery in ‘abeyance’
AUTO component major Sona BLW Precision Forgings (Sona Comstar) said on Monday that it has decided to keep its joint venture with China-based Jinnaite Machinery Co. Ltd. (JNT) in abeyance, citing geopolitical factors.
1 min
October 28, 2025
The New Indian Express Kannur
Mahals & temple unite, raise ₹46L in 12 hrs for kidney patient
FOR A NOBLE CAUSE
1 mins
October 28, 2025
The New Indian Express Kannur
Exporters flag concern over GM soya imports
INDIA’S soybean exporters have raised concerns over the government's reported consideration to allow imports of genetically modified (GM) soybean meal from the US, warning that such a move could erode the country’s export competitiveness built on its “non-GM” reputation.
1 mins
October 28, 2025
Listen
Translate
Change font size