With utility rates rising across Illinois, consumer groups are backing proposed legislation to wring $40 million per year in hidden expenses out of customer bills.
The microfinance sector is consolidating after a period of stress. Private banks and NBFC-MFIs have increased their lending portfolios. While the overall market saw a slight dip, early delinquency rates are improving. Experts anticipate a return to normal growth by the end of the first quarter of FY27. This marks an inflection point for the industry.
Credit card spending in India moderated in January to Rs 1.99 lakh crore, down from December's festival-led high but up over 8% year-on-year. This indicates a normalization of growth after a festive surge, with active card numbers rising to 116.6 million, though new additions slowed due to tighter underwriting and regulatory caution.
