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Credit card profits are shrinking for Indian banks as spending rises. Customers now use cards more for payments than borrowing, reducing interest income. Interest-bearing balances have significantly fallen as a percentage of total card spending. This trend is impacting major lenders like HDFC Bank and SBI Cards. Analysts predict further profit margin declines in the…
Small finance banks anticipate improved asset quality this financial year. Gross non-performing assets are projected to decline significantly by March 2027. This improvement stems from microfinance portfolio recovery and stable non-microfinance growth. Tighter underwriting practices have strengthened borrower selection in microfinance portfolios. Borrower over-indebtedness caused past credit stress in microfinance books.
India pledges help to rebuild school in flood-ravaged Nepal
To boost water availability in California, advanced weather forecast models can play a crucial role. Implementing Forecast-Informed Reservoir Operations may yield an additional 315,000 acre-feet each year, providing substantial economic leverage for both farmers and city dwellers. This innovative approach improves flood management and opens up opportunities for environmental flow, all while promoting conservation and…
’23 Silkyara ‘rat miners’ offer to join Nepal tunnel rescue
In times of reels, Centre plans ‘social media code’ for officers
2 Kuki-Zo MLAs set foot in Imphal for 1st time in 3 years
US stocks rebounded from a three-day selloff, with the S&P 500, Nasdaq and Dow ending higher. However, persistent inflation concerns, a global bond selloff and escalating US-Iran tensions kept investors cautious, while weak jobs data raised concerns about corporate spending and the US economic outlook.
Non-life insurers are considering a minimum rate for fire insurance’s natural catastrophe component. This move follows concerns about steep discounts exposing the industry and reinsurers to losses. The Insurance Regulatory and Development Authority of India chairman also expressed worries about insurer financial health. Aggressive pricing and recent fire losses in Gujarat have fueled these discussions….
USA-STOCKS/ (UPDATE 5):US STOCKS-Wall St set to snap three-day losing streak as stocks reclaim some shine