Credit card transactions decline by over 21 per cent in February amid Covid-19 impact
In the wake of the COVID-19 pandemic, the issuance of new credit cards has come virtually to a standstill and fell around 47 per cent on year-on-year basis and over 21 per cent on month-on-month basis, the Reserve Bank of India data shows.
Around 5.5 lakh new credit cards were issued in the month of February: PTI