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Credit card spends rise 14.5% in October on festive season purchases

Credit card spending reached Rs 2 trillion in October, a 14.5 per cent rise from September, largely driven by festival season purchases. Illustration: Uttam Ghosh/Rediff.com However, the volume of......

Credit cards get a festive boost, spending increases 25% in Sep

Credit card spending in September recorded strong growth of 25 per cent year-on-year (Y-o-Y), marking the highest increase in six months. Even as many banks saw higher slippages during the......

Net credit card additions down 48% to 2 mn in Q1

The net credit card additions in the banking sector nearly halved to 2 million in the first quarter of the current financial year (Q1FY25) from the previous quarter due to seasonal and regulatory......

Credit card delinquencies rise even as retail credit growth moderates

Balance-level delinquencies in the credit card segment saw a 17 basis points (bps) year-on-year (Y-o-Y) rise in the quarter ending June 2024 (Q1FY25). Illustration: Dominic Xavier/Rediff.com In......

Major credit card issuers go live on Bharat Bill Payment Systems platform

Major credit issuers, including the largest — HDFC Bank — have integrated their systems with the Bharat Bill Payment Systems (BBPS) for receiving credit card repayments via third-party......

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Credit Card

News for Credit Card

Credit card spends rise 14.5% in October on festive season purchases

Credit cards get a festive boost, spending increases 25% in Sep

Net credit card additions down 48% to 2 mn in Q1

Credit card delinquencies rise even as retail credit growth moderates

Major credit card issuers go live on Bharat Bill Payment Systems platform

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