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Monday, December 19, 2022

HDFC targets issuing one million credit cards a month

India’s largest private bank HDFC Bank Ltd. is seeking to issue a million credit cards a month, a remarkable bounce-back for the lender after the country’s regulator banned it from taking on new card clients two years ago.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Lzoyhtk
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Banks eye ₹ trade with Bangladesh, African nations



from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/g61ZNVU
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Sunday, December 18, 2022

Banks looking at possibility of rupee trade with Bangladesh, African nations

India imported goods worth USD 3,520.83 million from Egypt, of USD 1,004.24 million from Algeria and USD 2,725.08 million from Angola in the last financial year. As far as Bangladesh is concerned, the import in the last year from the neighbouring country stood at USD 1,977.93 million, according to the data provided by the commerce ministry.

from Banking/Finance-Industry-Economic Times https://ift.tt/6DE3P0X
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Microfinance loans up 11 pc to Rs 71,916 cr in Q2 FY23: Report

According to the MFIN Micrometer Q2 FY2022-23 report, the country's microfinance loan portfolio stood at over Rs 3 lakh crore at end-September 2022, serving 6.2 crore unique borrowers with 12 crore loan accounts.

from Banking/Finance-Industry-Economic Times https://ift.tt/vzOJVX5
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Karnataka Digital Economy Mission seeks formulation of ‘Karnataka FinTech Policy’

State govt may set up a regulatory help desk to help fintech firms understand how regulatory frameworks apply to them

from The HinduBusinessLine - Money & Banking https://ift.tt/H7Rai3A
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