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TD Bank Survey Reveals Widespread Impact of Inflation

Citi Global Wealth Unveils Latest ULTIMA Credit Card Curated for Ultra-High Net Worth Clients as Spend Outpaces Pre-pandemic Levels

Citi Global Wealth unveiled the ULTIMA Mastercard credit card earlier this week, targeting Citi Private Bank clients across Asia, including Hong Kong and Singapore, two of Citi's four global wealth hubs.

Citi Global Wealth Unveils Latest ULTIMA Credit Card Curated for Ultra-High Net Worth Clients as Spend Outpaces Pre-Pandemic Levels

Citi Global Wealth Unveils Latest ULTIMA Credit Card Curated for Ultra-High Net Worth Clients as Spend Outpaces Pre-Pandemic Levels
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Soaring unsecured book needs more buffers at NBFCs

The sharp surge in unsecured lending has more observers highlighting risks and advising caution. After credit bureau TransUnion Cibil flagged concerns over the sharp rise in unsecured retail advances by banks and NBFCs, now rating firm India Ratings (Ind-Ra) has called for higher capital buffers and close monitoring of unsecured advances by non-bank lenders.

Interview | Federal Bank s unsecured retail segments working well: MD

Shyam Srinivasan said the unsecured business, which stands at 3 to 4 percent, may become 10 percent of its business in the next few years.

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