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Credit Card Issuers Expect Drop in Credit Costs, Healthy Earnings Growth
The Statesman Kolkata
|April 08, 2025
Some respites and some signs of marginal improvement towards the end of the last fiscal notwithstanding, credit card issuers in India, generally, have had a tough FY25, for more reasons than one.
One of the key reasons was that credit card issuers have faced asset quality challenges resulting in elevated credit costs dampening earnings.
Going by the latest 'BFSI - Credit Card Business Monitor' by Axis Securities, in Feb'25, the industry's overall net card additions stood at 442K, significantly slower MoM vs 817K in Jan'25. Thus, CIF growth was muted MoM at an unimpressive close to 0.4 per cent YoY and grew by nearly 9 per cent YoY. A similar trend was visible on a YTD basis, with net card additions during 11MFY25 nearly halving YoY (de-growth of nearly 51 per cent vs 11MFY24), reflecting card issuers' caution amidst persisting asset quality concerns in the segment.
Bu hikaye The Statesman Kolkata dergisinin April 08, 2025 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
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