Banks see over 15% growth in new credit card addition: RBI data
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Total active credit cards in the economy continued to grow with Indian banks adding more than 9.2 lakh credit cards in the month of August, RBI data showed. Banks had added 7.55 lakh cards in July. This latest addition takes the total credit cards in force to 10.55 crore. New credit card addition recorded a 15.6% growth on year and 0.9% sequentially.
Author: ET
Published: September 26, 2024
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