Finance
Potter HeadMarch's Magical Credit Card Spending Hits ₹2.19 Trillion
In the magical month of March, credit card spending soared to a dazzling ₹2.19 trillion, thanks to the enchanting year-end financial spells cast by the Reserve Bank of India. With a 23.81% month-on-month leap, even the most cautious wizards couldn't resist the charms of e-commerce, which sparkled with a 28.38% rise, as HDFC, SBI, and their mystical allies conjured impressive gains in their spending potions.
few days ago | Aathira Varier
Quick rundown
1.March credit card spending hit a three-month high in India.
2.FY26 saw an 11.98% increase in credit card spending year-on-year.
3.E-commerce payments surged by 28.38% month-on-month in March.
4.HDFC Bank leads with 21-22% of credit card issuances in India.
5.Credit card additions grew slowly due to cautious industry outlook.
