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● Neutral for Indian equities
Closing an unused credit card? Experts explain how it can affect your credit utilisation
The brief
- Closing an unused card can reduce total available credit and increase credit utilisation
- Nomura expects RBI to raise rates by up to 50 bps by December
- HDFC Bank CEO's to-do list in coming weeks: Growth, Casa, investor trust
- Corporate debt maturities set to test US borrowers as rates rise
- Bank deposits, credit shrink in fortnight to September 15
- Credit-card spending growth slows to 5.5% in August; SBI Cards loses share