Articles for tag: Card, Credit, Delinquencies, Festival, Growth, Loom, ominously, Prospects, Regulatory, Rising, Scrutiny, Season, Spending, Surge

September 27, 2024

Credit card spending may surge during the festival season, but rising delinquencies and regulatory scrutiny loom ominously over growth prospects.

Credit card spending is anticipated to increase during the upcoming festival season, driven by discretionary purchases and promotional offers. However, growth may be tempered due to stricter regulations on unsecured lending and rising delinquencies in credit card payments. In August 2024, credit card transactions rose by 13.51% year-on-year, but there was a slight decline compared ...

August 31, 2024

Market News

Business

India’s Growth Dips to 15-Month Low Amid Election Spending Constraints

India’s economic growth has slowed to 6.7 percent in the April-June quarter, the lowest in 15 months, according to RBI Governor Shaktikanta Das. He attributed this decline mainly to reduced government spending, linked to the recent Lok Sabha elections and the model code of conduct in place. The Reserve Bank had initially projected a growth ...

May 14, 2024

Market News

Business

Home Depot profits drop as consumers cut back on spending

Home Depot recently released its earnings report, indicating a decrease in consumer spending. This suggests that customers may be pulling back on home improvement purchases. This news could have implications for the overall economy and retail industry. Click to Claim Latest Airdrop for FREE Claim in 15 seconds Scroll Down to End of This Post ...