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Credit card spendings, issuances hit record highs in July, shows RBI data

The New Indian Express Kozhikode

|

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.

- ENS ECONOMIC BUREAU @ Mumbai

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.

MEER VERHALEN VAN The New Indian Express Kozhikode

The New Indian Express Kozhikode

Kerala govt does a U-turn, to sign up for PM SHRI

IN AN apparent capitulation to the arm-twisting by the Union government — that purportedly involved the withholding of funds — Kerala has gone back on its opposition to the Pradhan Mantri Schools for Rising India (PM SHRI) scheme.

time to read

1 min

October 20, 2025

The New Indian Express Kozhikode

The New Indian Express Kozhikode

Diwali a month-long affair in U’khand as residents set to celebrate Mangseer

WHILE the rest of India concludes its Diwali celebrations on Bhai Dooj, the mountain state of Uttarakhand keeps the festive spirit—and the lamps—burning for nearly a full month.

time to read

1 mins

October 20, 2025

The New Indian Express Kozhikode

KSRTC to launch airline-model 'biz class' ride; hostess to serve food

A BUS ride that rivals air travel. The KSRTC is set to launch an ‘airline model’ business class bus service promising unprecedented luxury and speed to commuters. The premium offering, which will even have a hostess on board, is set to roll out upon the completion of the NH 66 widening work.

time to read

1 mins

October 20, 2025

The New Indian Express Kozhikode

Ladakh representatives called for talks with MHA

MEETING ON OCT 22 IN DELHI

time to read

1 mins

October 20, 2025

The New Indian Express Kozhikode

Eatery owner shot dead for serving non-veg

A 47-year-old restaurant owner in Ranchi was shot dead after a customer was allegedly served non-veg biryani instead of the vegetarian he had ordered.

time to read

1 min

October 20, 2025

The New Indian Express Kozhikode

Call to set up organ, tissue donation teams in all hosps

PRESS CLUSIVE

time to read

1 mins

October 20, 2025

The New Indian Express Kozhikode

The New Indian Express Kozhikode

Prasar Bharati to monetise TV, radio archives

Policy encourages use of new-age tools

time to read

1 mins

October 20, 2025

The New Indian Express Kozhikode

The New Indian Express Kozhikode

WHY YOU NEED TO BUILD A WAR CHEST NOW

HERE are warning signs all around. Despite trade wars and geopolitical tensions, the relative calm in asset prices is disturbing. Equity assets and gold prices do not rally or fall in tandem. The dramatic surge in gold prices over the past year indicates a risk in financial markets. It is not just gold.

time to read

2 mins

October 20, 2025

The New Indian Express Kozhikode

Poll bug bites women with top degrees

Denied ticket, aspirant tears clothes, breaks down

time to read

2 mins

October 20, 2025

The New Indian Express Kozhikode

The New Indian Express Kozhikode

Gaza truce strained after Israel, Hamas trade fire

JUST nine days after the guns fell silent in Gaza, the landmark ceasefire agreement appeared to be faltering on Sunday, with Israel carrying out fresh airstrikes in Gaza after accusing Hamas of violating the truce terms by firing at Israeli troops.

time to read

1 min

October 20, 2025

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