Mumbai: Growing defaults are forcing banks to shrink their credit card portfolios aggressively. In the first five months of fiscal 2009, the credit card base in India has fallen by 1.5 million to 26.73 million, according to the Reserve Bank of India, or RBI. Bankers said the trend has intensified in recent months and the [...]
Archive for the ‘personel credit’ Category
Banks cut down on credit card business over rising defaults
Posted in Bank, credit card, finance, personel credit on November 7, 2008 | 1 Comment »
Leave money where it is, or try safe alternatives
Posted in personal finance, personel credit on October 5, 2008 | Leave a Comment »
By DAVID GELLES dgelles@MiamiHerald.com “Turn off the TV.” That’s the advice financial planner Harold Evensky is giving to skittish clients concerned about their dwindling investments amid the financial crisis. ”I know no one likes to hear it, but the answer is, hang in there,” said Evensky, a partner in Coral Gables wealth management firm Evensky [...]
