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The Price of Play: Unveiling the Financial Costs of Sporting Events
Credit card spends jump 70% in five months on retail buying
The use of credit for retail purchases is experiencing a significant surge, as evidenced by the substantial increase in credit card spending. As the economy rebounds from the challenges posed by the Covid-19 pandemic, credit card expenditures from April to August have surged by 70.36% compared to the previous year. With a resurgence in consumer […]
Two held for cheating credit card users after illegally accessing email accounts: Delhi police
On Thursday, the Delhi police announced the arrest of two individuals, Abhay Verma (22) and Nishan Singh (30), on charges of defrauding over 50 people in the last six months across various locations, including Delhi and Hyderabad. The accused allegedly gained unauthorized access to victims’ credit card details. The modus operandi involved the suspects illicitly […]
Seven held for duping people on pretext of redeeming credit card points
The Cyber Cell of Rohini district has apprehended seven individuals, including three women, on charges of deceiving multiple individuals by falsely offering assistance in redeeming credit card points or increasing credit card limits. DCP (Rohini) Pranav Tayal identified four of the accused as Pulkit Malik (23), Rahul Verma (22), Avinash Kumar (37), and Jitender Sharma […]
Credit card outstanding balloons 30%
Outstanding credit card balances have surged by 30.1%, reaching Rs 154,137 crore as of May 2022, marking the fastest growth within the personal loan category. This growth stands in stark contrast to the 14.3% expansion recorded a year earlier at Rs 118,512 crore. Data from the Reserve Bank of India reveals that monthly credit card […]