RBI feels that such perpetual lines of credit may encourage behaviour, which may be classified as evergreening of loans.

The RBI has cautioned NBFCs on perpetual credit lines, citing risks of loan evergreening and financial instability, urging ...

The Reserve Bank of India (RBI) removed the restrictions on Kotak Mahindra Bank, enabling it to onboard new customers through its online channels and issue fresh credit cards. The decision came ...

Lines of credit are usually provided to individuals or small business owners. This product enables the borrower to withdraw ...

Credit card spends have increased by 10.8 per cent YoY to Rs 1.84 trillion in January 2025, latest data released by the Reserve Bank of India (RBI) showed.

Merchant payments now account for around 62 percent of all UPI transactions, up from 40 percent in January 2022 ...

Credit growth in India continued to moderate in January 2025, with non-food credit offtake slowing to 11.4 per cent ...

Consumer expenditure through credit cards has shot up by 10.8 per cent year-on-year to Rs 1.84 lakh crore in January 2025 with ...

Retail credit growth slowed to 12% in January 2025, down from 29% last year, with unsecured loans growing 9%, consumer ...

The RBI said it is “satisfied” with the remedial measures undertaken by the private sector lender, and allowed it to issue new credit cards and onboard new customers through the online and ...