The Indian retail credit industry remains far from saturation due to several factors. The country continues to add many working-age citizens, particularly millennials and Gen Z, who have better incomes and changing spending habits. Increased global integration and upward social mobility have significantly influenced consumer behaviour, creating new demand for credit, says Indian Bank managing director Binod Kumar.
Asian shares rise on boost from Japanese stocks
Asian equities saw gains, boosted by Japanese stocks, while US stock futures remained flat amid economic and geopolitical uncertainties. Short-dated Treasuries rallied, and the dollar