The credit card market in India is expected to double to 200 million cards by FY28-29 with a CAGR of 15 per cent, driven by a 100 per cent increase in issued cards over the past five years and a substantial rise in transactional activity, while debit card usage has declined due to the growing popularity of UPI and lack of attractive rewards
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Icra says that the credit cost to increase by 100 to 120 bps, which along with an expected margin compression, shall impact profitability in FY2025
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JM Financial's report highlights India's fintech sector as a global leader with 26 unicorns and significant growth potential, projecting a surge in public listings and innovations that could reshape the financial landscape
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Since the merger, IDFC First Bank has demonstrated exceptional growth across various metrics. Between FY 2019 and FY 2024, customer deposits surged from approximately Rs. 40,000 crore to Rs. 1.93 lakh crore
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"We’re building a world-class bank in India," says V Vaidyanathan, Managing Director (MD) and Chief Executive Officer (CEO), IDFC First Bank.
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Amitabh Chaudhry, calls for enhanced bank-fintech partnerships to drive innovation and customer engagement at Global Fintech Fest 2024
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Slowdown in deposit growth has led to banks increasingly relying on external market borrowings for their capital requirements, says report
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Proposed changes in liquidity coverage ratio framework to further moderate the reported liquidity coverage ratio (LCR) and constrain the credit growth for banks
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