Search For "credit card spending"
Post-festive demand remains strong in country as consumption outlook stays
Updated : 3 months, 2 weeks ago IST
The domestic demand has remained steady even after the festive season, indicating a positive consumption trajectory for the economy, according to a report by Prabhudas Lilladher, a financial service firm.
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SBI projects India's GDP growth of nearly 7.5 per cent in Q2 FY26
Updated : 3 months, 3 weeks ago IST
India's economy is expected to have grown by around 7.5 per cent in the second quarter of the current financial year FY26, supported by a pick-up in investment activities, an improvement in rural consumption and the impact of GST rationalization, according to a research report by the State
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Credit card spending surges 23% to Rs 2.17 lakh crore YoY in September
Updated : 4 months ago IST
Credit card spending in India rose sharply by 23 per cent year-on-year (YoY) to Rs 2.17 lakh crore in September 2025, driven by festive season offers, GST rate cuts, and a rise in card issuances that boosted discretionary consumption, according to a report by CareEdge.
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Credit card spending hits 7-month low, average spend per card down to Rs 1
Updated : 11 months, 1 week ago IST
The credit card spending hits a 7-month low amid persistent decline in the credit card spending, according to a report by ACMIIL, a stock market firm.
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Slowdown in credit card growth continues, disbursement at 4-year low: Repo
Updated : 1 year ago IST
The credit card sector in India is witnessing a slowdown, with disbursement growth falling to a four-year low, according to a report by ACMIIL, a stock market firm.
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Buy now pay later schemes, credit card spending reduce savings of youth: D
Updated : 1 year, 2 months ago IST
The "buy now, pay later" (BNPL) schemes and the credit card spending facilitate immediate consumption and reduce the savings of the younger generations, said Michael Debabrata Patra, Deputy Governor, Reserve Bank of India.
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August credit card spending drops by 3.4 pc despite 0.9 pc growth of cards
Updated : 1 year, 5 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.
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Spend and loan growth of credit cards slowed as lenders are cautious on as
Updated : 1 year, 5 months ago IST
Growth in credit card spending across the system has dropped to about 13 per cent year-on-year (y-o-y) in August 2024, down from 19 per cent in July 2024. The Reserve Bank of India (RBI) credit card data for August 2024, has also highlighted a continued slowdown in both the number of cards i
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Indians Credit card spending increases 19 pc (YoY) to Rs 1.7 trillion in J
Updated : 1 year, 6 months ago IST
Indian consumers demonstrated a significant increase in their credit card spending in July this year, marking a 19 per cent increase as compared to the same month last year.
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Turkey announces restrictions on using credit card for foreign travel
Updated : 2 years, 7 months ago IST
The decision which hit airline shares and was witnessed as curbing foreign currency outflows, was one of two measures announced by the Banking Regulation and Supervision Agency (BDDK) on Monday.
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International credit card spend exempted under RBI's remittance scheme wit
Updated : 2 years, 10 months ago IST
The Centre on Tuesday brought international credit card spending outside India under the Liberalised Remittance Scheme (LRS) and issued an explainer on Wednesday to clear any confusion
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