Credit card additions jump 34% in May: RBI
Synopsis India's credit card sector has surpassed 12 crore cards, with new additions surging 33.7% year-on-year in May 2026. Despite robust cardholder growth, spending saw
Synopsis India's credit card sector has surpassed 12 crore cards, with new additions surging 33.7% year-on-year in May 2026. Despite robust cardholder growth, spending saw a modest 6.3% increase. SBI Cards led in new card issuance, while ICICI Bank and HDFC Bank also showed strong performance. This indicates a steady expansion of the cardholder base alongside moderating spending intensity.
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