India witnessed a significant surge in credit card spending, reaching a record ₹21.16 lakh crore in FY25, marking a 15% increase fueled by robust consumer demand and a shift towards digital transactions. While new card issuances saw growth, some banks experienced declines, and lenders are now prioritizing credit quality and cross-selling strategies.
from Banking/Finance-Industry-Economic Times https://ift.tt/oQH8m7z
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