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Banks live on UPI rise nearly fivefold to 731 between 2020 and 2026 | Finance News
In just six years, the number of banks live on India’s real-time payments system, Unified Payments Interface (UPI), has nearly quintupled to 731 institutions in June 2026 from just 155 banks in June 2020, signalling growing adoption among financial institutions. A year earlier, in June 2025, this number stood at 675 banks….
Calculated Risk: Wholesale Used Car Prices Increased Slightly in December; Up 0.4% Year-over-year
by Calculated Risk on 1/08/2026 10:52:00 AM From Manheim Consulting today: Manheim Used Vehicle Value Index: December 2025 Trends The Manheim Used Vehicle Value Index (MUVVI) rose to 205.5, reflecting a 0.4% increase for wholesale used-vehicle prices (adjusted for mix, mileage, and seasonality) compared to December 2024. The December index is up 0.1% month over…
New England bank merger adds opportunity for mortgage unit
A pending merger between two Northeastern banks should increase borrowing opportunities for New England customers, thanks in part to the expansion of the company’s soon-to-be rebranded mortgage affiliate. Processing Content Massachusetts-based Hometown Financial Group, the parent holding company of three individual brands, announced it had reached a deal to acquire Primary Bank, a publicly traded…
Why Costco Stock Fell Today
Shares of Costco Wholesale (COST 4.21%) declined on Thursday following the release of the discount chain’s June sales metrics. Image source: The Motley Fool. Business is still strong Costco’s net sales climbed 10.6% year over year to $29.24 billion for the five weeks ended July 5. The company’s comparable sales, which include revenue from locations…
New Home Sales Regain Some Lost Ground
New home sales rebounded modestly in June, recovering some of the previous month’s decline, though activity remained below year-ago levels as elevated mortgage rates and affordability challenges continued to weigh on demand. According to the latest Census Bureau and HUD data, sales of new single-family homes rose to a seasonally adjusted annual rate of 628,000,…
Banks are warming to commercial real estate lending
After years of avoiding commercial real estate, lenders are back and ready to finance commercial projects, according to the Mortgage Bankers Association. The MBA found that commercial and multifamily mortgage loan originations were up 52% in the first quarter of 2026 compared to the same period in 2025. While the total loan figures for the…
