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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Axis, in particular is making its rewards programme less lucrative while also cracking down on potentially fake payments—something we’ve discussed before.
In recent weeks, Axis Bank and SBI Cards have received a fair amount of social media backlash from customers over an apparent crackdown on credit cards.
Let’s back up a little. In a previous edition of this newsletter, I wrote that banks are closely tracking customers with deviant spending behaviour—especially those making abnormally high amounts of utility payments as well as having high credit limit utilization. (Read: “A credit card bubble is brewing but no one wants to talk about it”).
Based on conversations with industry insiders, I found that a small portion of the credit card customer …
The acquisition of IDBI Bank puts his Fairfax smack dab in the middle of the RBI’s rules on bank ownership. It must now decide whether to sell CSB Bank or merge the two lenders, neither of which will be easy.
Lenders stand to gain a lot more than borrowers in the current challenging market environment
The EV maker is back for fresh capital as its businesses fail to generate enough to sustain themselves.
