Several of them, including HDFC Bank, Axis Bank and Kotak Mahindra Bank, which have been aggressive in signing up credit card customers in the past months, have lined up new offers to encourage customers to use their cards for festive purchases.
ETMarkets Smart Talk: From AI to Renewables – Growth stocks theme to watch in 2025: Subhash Chand Aggarwal
This strength is underpinned by robust domestic demand, a sustained capex cycle, and relatively limited exposure to global shocks compared to developed markets.