Credit card issuances soar to seven-month high in August

September 26, 2025

Credit card issuances in India reached a seven-month high in August, driven by lenders like HDFC Bank and Axis Bank preparing for increased festive season demand. Nearly 700,000 new cards were issued, bringing the total active cards to 112.3 million.

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Ind-Ra downgrades Jana Capital, Jana Holdings NCDs to default

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