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Credit card spendings, issuances hit record highs in July, shows RBI data
The New Indian Express Madurai
|August 28, 2025
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.
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The New Indian Express Madurai
Strategic autonomy guides ties, PM tells Xi, seeks mutual trust amid global turmoil
AIMING for long-term stability in India-China relations amid disrupted global trade and shifting geopolitical alignments triggered by US tariffs, Prime Minister Narendra Modi on Sunday noted with President Xi Jinping that the two countries must pursue strategic autonomy and their ties should not be viewed through the lens of a third country.
2 mins
September 01, 2025
The New Indian Express Madurai
Without SEP, TN varsities bank on NEP for funds
Most universities have implemented 70% of NEP disguised as curriculum revamp, outcome-based learning: Official
3 mins
September 01, 2025
The New Indian Express Madurai
Assam leader killed for joining Manipur meet
SUSPECTED militants have killed a Thadou community leader from Assam who had taken part in a peace meeting in Manipur capital Imphal on August 6.
1 mins
September 01, 2025
The New Indian Express Madurai
Opening Stretch in Decider Cost Us
WITH spring in their steps, Satwiksairaj Rankireddy and Chirag Shetty employed every tool in their arsenal in their pursuit for greatness.
3 mins
September 01, 2025
The New Indian Express Madurai
Cricket Legends & Art Of Investing
ARIFFS, secondary tariffs, Russian oil import, FII outflows, DFI inflows, geo-political re-alignments and whether the equity market is headed for a deep correction are some of the topics currently ruling the media waves.
2 mins
September 01, 2025
The New Indian Express Madurai
Life term to former cop for facilitating '03 suicide attack by Pak terrorist
2 CRPF jawans were killed
1 min
September 01, 2025
The New Indian Express Madurai
Cross-border terror: Modi, Xi on same page
Bilateral meet ahead of SCO Summit sets tone for a forward-looking agenda for India-China relations & trade ties
1 mins
September 01, 2025
The New Indian Express Madurai
India Set to Take on Iran in CAFA Nations Cup Football
BOOSTED by the win against co-host Tajikistan in the campaign opener in new head coach Khalid Jamil's maiden international match, India will aim to challenge the might of Asian giants Iran when the two teams clash in the CAFA Nations Cup on Monday.
1 min
September 01, 2025
The New Indian Express Madurai
9 Hurt in Caste Clash at Vinayagar Rally in K'giri
A Vinayagar idol procession took a violent turn after clashes erupted between Adi Dravidars and caste Hindus at Beerjeypalli near Uddanapalli on Sunday evening, leaving nine persons injured.
1 mins
September 01, 2025
The New Indian Express Madurai
BIM yet to reinstate Dalit assistant professor, likely to appeal HC order
AN assistant professor, who is from a Scheduled Caste community, has sought the intervention of state higher education department stating the Bharathidasan Institute of Management (BIM) has not reinstated him despite an order issued by the Madurai Bench of Madras High Court on August 4.
1 mins
September 01, 2025
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