Spending on credit cards surged around 19 percent on-year to Rs 1.73 lakh crore in July, according to the Reserve Bank of India (RBI) data. On a monthly basis, however, it increased just by 9 percent. The spending stood at Rs 1.59 lakh crore in...
ICICI Bank has announced several updates to its ICICI credit card offerings, impacting benefits such as airport lounge access, spa access, and rewards programs. These changes align with trends from other major issuers, which have introduced adjustments like increased airport lounge and spa access...
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Banks’ credit card exposure continued to grow at a fast pace of over 30 percent, despite the higher risk weights on unsecured loans introduced by the Reserve Bank of India in November 2023.
Credit card outstanding for banks grew by 31.3 percent in...