August credit card spending and market shares
Credit card spending fell 2.8% to ₹2.02 trillion in August, while outstanding cards rose to 124.05 million. Industry spending growth slowed to 5.5% from 7.1% in July.
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Timeline
Friday, 25 September
- Credit-card spending growth slows to 5.5% in August; SBI Cards loses share
Industry spending growth eased to 5.5% in August from 7.1% in July
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Thursday, 24 September
- Credit card spending falls 2.8% to ₹2.02 lakh crore in August
August credit card spending fell 2.8% from July’s ₹2.08 lakh crore to ₹2.02 lakh crore
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