Credit card usage climbs 14.5% in October, reaching ₹2 trillion amid festive shopping
Credit card spending reached ₹2 trn in Oct, marking a 14.5% increase from Sep, driven by festival season purchases. However, the number of outstanding credit cards grew only slightly. This surge comes as major issuers are adjusting their growth strategies due to signs of stress in the market.
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MoreLessFirst Published:27 Nov 2024, 04:00 PM IST
Business NewsInfographicCredit card usage climbs 14.5% in October, reaching ₹2 trillion amid festive shopping
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