Data released by the Reserve Bank of India (RBI) shows that several foreign lenders saw a decline in their active card base in 2025, even as the overall credit card market continued to grow rapidly, driven largely by private sector banks. Among major foreign issuers, American Express saw its active cards decline to 1.334 million in January 2026 from 1.453 million a year earlier, a drop of 118,000 cards.
Contrarian investing: Fred Kelly’s timeless lessons for winning in the stock market
Fred C. Kelly’s timeless investing philosophy highlights how independent thinking, emotional discipline and understanding crowd psychology can help investors avoid common behavioural traps and make
July 12, 2026