Banks play their cards right in December, issue highest no of new credit cards in 4 months

January 25, 2025

Lenders issued around 820,000 new credit cards in December, the highest in four months, driven by increased spending during the wedding season. HDFC Bank and SBI Cards led with significant contributions. Despite stress in unsecured segments, credit card spending surged by nearly 11%, reaching ₹1.9 lakh crore.

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