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New credit card issue declined by 45 per cent YoY in October: Report
The Daily Guardian
|November 27, 2024
The report by Anand Rathi said, "The industry added 0.78m credit cards in the month vs 0.76m in May '24 and 1.6m in Oct '23, down 33 per cent m/m, 45 per cent y/y."
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The credit card industry witnessed a sharp correction of 45 per cent year-on-year in October as the new credit card issue declined to 7.8 lakh from 16 lakh cards issued last year during the same month.
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