BANKS CAUTIOUS.. CC issuance reduced

[Zacobite]

Are banks finally turning the corner?? Will the euphoria die down?

Rise in delinquencies: Banks buckle up, go slow on issuing new credit cards

Banks have slowed down credit card issuances due to increasing defaults among customers. The Reserve Bank of India reported a significant decline in new card additions from August to September. Experts warn that this cautious approach may continue as lenders are wary of rising delinquencies and...

m.economictimes.com

 

[Shoxie]

Are banks finally turning the corner?? Will the euphoria die down?

Rise in delinquencies: Banks buckle up, go slow on issuing new credit cards

Banks have slowed down credit card issuances due to increasing defaults among customers. The Reserve Bank of India reported a significant decline in new card additions from August to September. Experts warn that this cautious approach may continue as lenders are wary of rising delinquencies and...

m.economictimes.com

This was expected when RBI tighted the risk weights for credit cards. Some banks even started reducing credit limits aggressively. Nothing much to worry for us Right now. All changes that was supposed to take place, would've already taken place.