In India, PSU Banks have significantly increased their share of credit card spending, achieving a remarkable 17% growth. This shift highlights changing consumer preferences and competitive dynamics.
Recent developments in the Indian banking sector reveal a significant rise in interest rates as banks grapple with liquidity shortages.
Bank holidays in India are often complex, with specific Saturdays designated as working days. Recent changes have brought clarity to this system.
S. Anantharaman has been appointed as Chief Risk Officer of Yes Bank, reflecting a strategic shift towards enhanced risk governance.
Atanu Chakraborty has resigned as chairman of HDFC Bank, citing a conflict between his values and the bank’s practices, leading to significant market repercussions.
Atanu Chakraborty has resigned from his position at HDFC Bank, raising questions about the bank’s governance. Keki Mistry will serve as interim chairman.
Axis Bank has announced significant changes to the Airtel Axis Bank Credit Card, affecting cashback structures and benefits. The new terms will take effect on April 12, 2026.
