Credit Card Trends: Spending in March rises 20% to Rs 1.64 lakh crore; know reasons
Overall credit card spending for March was Rs 1.64 lakh crore. Among it, online credit card spending crossed a record Rs 1 lakh crore mark with 20% YoY growth. HDFC Bank is the market leader in credit card issuance with 20.20 per cent share. SBI and ICICI Bank are in the second and third spots, respectively.
![Credit Card Trends: Spending in March rises 20% to Rs 1.64 lakh crore; know reasons](https://cdn.zeebiz.com/sites/default/files/2024/04/25/290190-credit-cards-file.jpg?im=FitAndFill=(1200,900))
The report says that credit card volumes improved due to an increase in low-value transactions by customers. Photo: file