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.
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
The Jannayak Janta Party (JJP) candidate from Dabwali assembly constituency Digvijay Chautala said on Thursday that he is learning a lot by spending time in villages while campaigning for the upcoming assembly elections.
The improved performance is attributed to multiple factors, including higher government spending on infrastructure and welfare programmes, better agricultural output, and effective marketing strategies tailored to regional needs.
Sunil NS, popularly known as Pulsar Suni, the prime accused in the high-profile actress assault case, has been released on Friday after spending seven and a half years behind bars.
New Delhi [India], September 20: Nowadays, in a life full of hassle and trouble, people want to spend quality time with their loved ones. However, the main concern that arose was where to get a premium holiday membership.
India will spend Rs 4.25 lakh crore on projected 35 lakh weddings planned between November to mid-December, says a report by PL Capital-Prabhudas Lilladher.
Ahmedabad (Gujarat) [India], September 17: Hybrid, a leading name in the advertising technology ecosystem (AdTech) in India, officially marked its entry into the Gujarat market with the successful launch of "Ahmedabad Konnect". Hosted in partnership with Adgully, the event brought together m
New Delhi [India], September 17: As the festive season approaches, it brings along not just celebrations but also the hustle and bustle of preparing elaborate meals. For many, the kitchen becomes the center of activity, leaving little time for spending moments with family and friends. This i