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Credit card spendings, issuances hit record highs in July, shows RBI data
August 28, 2025
|The New Indian Express Chennai
CREDIT card spends and new issuances made a surprise growth in July. Spendings through credit cards increased by 5.5% to ₹1.93 lakh crore, and new card issuances surged to a five-month high of 4.25 lakh, indicating a revival in unsecured lending, according to the latest data from the Reserve Bank.
In the previous month, the industry had reported a marginal contraction of 235 cards. This growth indicates a resurgence in unsecured lending, with major banks like HDFC Bank and SBI Cards, which are the industry leaders with over 24.8 million and 21.2 million customers, respectively, contributing to the expansion.
هذه القصة من طبعة August 28, 2025 من The New Indian Express Chennai.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من The New Indian Express Chennai
The New Indian Express Chennai
NTA may allot exam centres based on Aadhaar to curb malpractices
FROM the coming academic year, candidates aspiring to take up the competitive exams conducted by the National Testing Agency are likely to be allotted centres based on the Address in their Aadhaar card.
1 mins
October 10, 2025
The New Indian Express Chennai
Autonomy debate rages after IIM director quits
3rd head in five yrs to quit over rift with board
1 mins
October 10, 2025
The New Indian Express Chennai
Pushed out by tigers, leopards stray into human dwellings in U’khand
A growing tiger population in Uttarakhand is creating tension in the forests, not just among humans but also among wildlife.
1 mins
October 10, 2025
The New Indian Express Chennai
'Kashmir an integral part of India,' MPs' delegation counters Pak at UNGA
COUNTERING Pakistan’s comments on Jammu and Kashmir at the United Nations General Assembly (UNGA), Lok Sabha MP PP Chaudhary, asserted that the Union Territory ‘remains an integral and inalienable part of India.’
1 min
October 10, 2025
The New Indian Express Chennai
Indian shuttlers confirm historic medal at Junior Worlds
NET GAIN
2 mins
October 10, 2025
The New Indian Express Chennai
Presumptive tax plan raises double-taxation worry
NITI Aayog's recent suggestion to introduce an optional presumptive taxation scheme for foreign companies has sparked debate among tax experts.
1 mins
October 10, 2025
The New Indian Express Chennai
Guj CM unveils master plan worth ₹15L cr
GUJARAT Chief Minister Bhupendra Patel unveiled the Regional Economic Master Plan for six key economic regions of the state at the inaugural Vibrant Gujarat Regional Conference held in Mehsana, North Gujarat.
1 min
October 10, 2025
The New Indian Express Chennai
Caste G.O. only to use Karuna’s name, says EPS
TAKING a dig at the state government’s recent order on renaming streets and public institutions, AIADMK General Secretary Edappadi K Palaniswami said the DMK has brought the GO only to rename everything after Karunanidhi.
1 min
October 10, 2025
The New Indian Express Chennai
APPLE'S IPHONE SHIPMENTS RISE ACROSS KEY REGIONS IN Q2
APPLE’S iPhone shipments saw impressive global growth in Q2 2025, driven by strong performances in key markets like the US and India, while facing some challenges in China. Here’s a look at Apple’s market share across different regions, as per Counterpoint Research:
1 min
October 10, 2025
The New Indian Express Chennai
MP points finger at TN over syrup factory licence renewal
COUGH SYRUP DEATHS
1 mins
October 10, 2025
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