Credit card outstanding balloons 30% | Business News - The Indian Express

According to Reserve Bank of India data, monthly spending on credit cards is now above Rs one lakh crore. Card spending in May touched Rs 1.13 lakh crore as against Rs 1.05 lakh crore in April and Rs 1.07 lakh crore in March.

Credit card outstanding has registered a 30.1 per cent rise to Rs 154,137 crore as of May 2022, making it the fastest growing segment in the personal loan category, as against a growth of 14.3 per ce… [+3573 chars]

full article...