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Credit card spending hits record high at Rs 1.4 lakh crore in May; cards in use at 87.4 million

Similarly, the number of cards in use has also jumped by more than 5 million since January and crossed 87.4 million in the reporting month, making this also an all-time high in May, according to the RBI dataMumbai: Credit...

Canadian bank to have card facility with retailers

With credit crunch in Canada, the Chief Executive Officer David Taylor of Pacific and Western Credit Corp is close to breaking into the “non-traditional” banking area of consumer lending business as he has held talks with a couple of...
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Varun Beverages to raise Rs 7,500 cr to fund expansion plans

The fund would be raised in "one or more tranches" and would be "subject to receipt of approval of...
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