Search For "cards in force"
August credit card spending drops by 3.4 pc despite 0.9 pc growth of cards
Updated : 1 year, 8 months ago IST
This comes alongside a deceleration in the growth of receivables per card, which rose by only 0.2 per cent MoM. However, in August, the total number of cards-in-force (CIF) grew by 0.9 per cent MoM to 105.5 million, marking a yearly growth of 15.6 per cent.
Read More