Tokyo Stock Exchange to start carbon credit trading on October 11
credit newsThe Tokyo Stock Exchange (TSE) announced on Friday that it will commence trading carbon credits on October 11. This move marks Japan’s first exchange-based carbon market as the country, which is the world’s fifth-largest emitter of carbon dioxide (CO2), takes steps to combat climate change. In April of this year, Japan began implementing a carbon
A month before Durga Puja, scamsters in West Bengal target buyers’ credit cards
credit newsCybercrime units in the city have received complaints of credit card fraud, in which fraudsters are promising victims an increased credit card limit or a new zero-fee credit card as part of Durga Puja offers. The area primarily targeted by these criminals are women residing in areas like New Alipore, Netaji Nagar, and Ballygunge in
No major risk for banks from personal loans: ICRA
credit newsLending to the retail sector is not a major risk to banks’ balance sheets, despite the retail segment growing faster than overall credit growth and the share of unsecured loans increasing within retail. According to Anil Gupta, Senior VP and Group Co-Head at ICRA, credit growth remains robust even with some moderation. He states that
State credit-deposit ratio better, but many dists lagging behind
credit newsDuring the 84th quarterly state-level banker’s committee (SLBC) meeting in Ranchi, it was revealed that the credit-deposit (CD) ratio of Jharkhand is at 45.08%. However, the CD ratio of 15 banks and 14 districts in the state is below 40%. The State Bank of India, Indian Bank, Punjab National Bank, and Canara Bank are among
Three reasons why you should check your credit score and credit report regularly
credit newsWhen you submit an application for a loan or credit card, the lender examines your credit score to determine your eligibility for that particular credit line. Thus, having a favorable credit score is a prerequisite for loan approval. But what exactly does a credit score signify? A credit score is a three-digit number that communicates
Bank credit grows 3.2% in this fiscal so far, deposits rise too
credit newsDuring the initial nine months of the current fiscal year, bank credit in India experienced a growth of 3.2 percent, reaching Rs 107.05 lakh crore. This surpassed the 2.7 percent growth recorded during the corresponding period in 2019-20 when bank advances were Rs 103.72 lakh crore by the fortnight ending March 27, 2020. As per
Amid slow credit offtake, banks aim to woo more retail borrowers
credit newsBanks are gearing up with a variety of festival offers to attract retail customers during the ongoing Covid-19 pandemic, which has kept credit off-take sluggish. While banks are cautious about venturing into risky project loans, major lenders such as the State Bank of India (SBI), HDFC Bank, and ICICI Bank have already unveiled plans to
Non-food bank credit grows at 15.6%
credit newsThe commercial sector’s total credit growth from banks exhibited a robust year-on-year increase of 15.6 percent, reaching Rs 97.32 lakh crore in the fortnight concluding on November 9, 2018. This marked the highest growth since the demonetization of Rs 500 and Rs 1000 notes in November 2016, according to data from the Reserve Bank of