● Neutral for Indian equities
Is credit card ‘minimum due’ amount the biggest trap? Here's why paying less now can cost you more later | Explained
The brief
- Paying only the minimum due on credit cards incurs interest and can lead to debt traps
- Banks flag KCC renewal risks amid deficient monsoon
- HDFC Bank mobilises over ₹1.5 trillion in deposits in September quarter
- Nifty’s ailing warhorse HDFC Bank gets an all-rounder CEO. Can Anup Bagchi make the elephant dance?
- Banks’ credit growth outpaces deposit growth for fourth straight quarter; private banks lead pack
- Rate hikes are coming, but don’t count credit growth out just yet