02-April-2025
Banking
 
Credit card spends at 7-month low in Feb amid stress in unsecured loans
31-Mar-2025

Credit card spends dropped to a seven-month low of Rs 1.67 trillion in February, according to the latest data released by the Reserve Bank of India, amid stress in unsecured loans and a rise in household debt. Spends stood at Rs 1.84 trillion in January. Point-of-sale transactions for the month added up to Rs 62,124.91 crore, down from Rs 69,429.4 crore in January 2025. Meanwhile, ecommerce payments declined to Rs 1.05 trillion from Rs 1.15 trillion in the previous month.

News Source:- https://www.business-standard.com/finance/news/credit-card-spends-drop-to-7-month-low-of-rs-1-67-trillion-in-february-125033000488_1.html
 
 
 

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