कोशिश गोल्ड - मुक्त
Credit card delinquencies increase by 110 bps to 7.6%
The New Indian Express
|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.
यह कहानी The New Indian Express के December 15, 2024 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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