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According to latest data released by the Reserve Bank of India, Indians spent a record Rs 1.44 trillion in July via credit cards, breaking the previous record of Rs 1.4 trillion in May. The banking industry added about 1.19 million credit cards in July, taking the outstanding credit card base to 89.87 million compared to 88.68 million in the previous month. HDFC Bank remained at the top spot with 18.54 million cards, followed by SBI Card at 17.55 million, ICICI Bank at 14.98 million, and Axis Bank at 12.74 million. The data showed that e-commerce payments cornered 65.71 per cent of the total credit card spend in July, with PoS (point-of-sale) transactions accounting for 34.28 per cent.
Which of the following bank was the first bank which was fully managed by Indian?
Which of the following is NOT a feature of the forex market?
What is the minimum required Net Owned Fund (NOF) for Asset Reconstruction Companies (ARCs) by March 31, 2026?
A loan granted for short duration crops will be treated as NPA, if the instalment of principal or interest thereon remains overdue for…………
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Which of the following statements is true about the Credit Proposal Tracking System (CPTS) for MSME loan applications?
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Marginal Standing Facility is ___________________?
The Reserve Bank of India (RBI) has devised a National Strategy for Financial Inclusion (NSFI) for the period of 2019 to _________.
Which organization has mandated custodian banks to cap intraday risk at 30% of the settlement amount for IPCs in the T+1 settlement regime?
