Indians credit card spending increases 19% (YoY) to Rs 1.7 trillion in July 24

India's credit card spending surged by 19% in July year-on-year to Rs 1.7 trillion, with transaction volumes increasing by 39%, indicating growing adoption. HDFC Bank led in transaction volumes and value, followed by ICICI Bank and SBI. This trend reflects higher consumer confidence and a shift towards credit card transactions.

Aug 31, 2024 - 15:30
Indians credit card spending increases 19% (YoY) to Rs 1.7 trillion in July 24

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India's credit card spending surged by 19% in July year-on-year to Rs 1.7 trillion, with transaction volumes increasing by 39%, indicating growing adoption. HDFC Bank led in transaction volumes and value, followed by ICICI Bank and SBI. This trend reflects higher consumer confidence and a shift towards credit card transactions.
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