New Delhi, May 20 (IANS) India’s retail lending portfolio expanded to Rs 170.2 lakh crore as of March 2026, marking 16.6 per cent year‑on‑year growth and a 4.6 per cent quarter‑on‑quarter increase, a report said on Wednesday.The report from CRIF High Mark said consumption loans grew 15.3 per cent year‑on‑year to Rs 118.6 lakh crore, supported by broad‑based growth across gold loans, personal loans and consumer durable loans.Gold loans emerged as the fastest-growing segment, with …
Latest Credit Cards News & Updates
New Delhi, April 28 (IANS) India’s credit card spending surged by 24 per cent in March, month-on-month, to Rs 2,194 billion, supported by seasonal factors and a low base, even as underlying trends indicated a normalisation in consumption growth, according to a report released on Tuesday.According to an analysis by Asit C. Mehta Investment Intermediates, on a year-on-year basis, growth was more moderate at 8.9 per cent.The report noted that the sharp monthly uptick does not indicate a structura…
New Delhi, April 6 (IANS) Credit card spending in India grew 6 per cent year‑on‑year (YoY) in February 2026, a report said on Monday.However, on month-on-month basis, it eased to Rs 1,772 billion — a moderation of 11 per cent. The spending data indicated a slowdown in consumption momentum, largely driven by the top 4 banks, the report from Asit C. Mehta Investment Intermediates Limited said.Card issuance remained robust at 1.05 million new cards up 7.7 per cent YoY, hitting a 23-month high,…
New Delhi, April 6 (IANS) Unified Payments Interface (UPI) processed 228.5 billion transactions in 2025, marking a 33 per cent year‑on‑year increase, while total transaction value touched Rs. 299.74 trillion, a report said on Monday.The report from Worldline said that UPI’s growth was broad‑based, with both person-to-person (P2P) and person-to-merchant (P2M) transactions rising, with the latter recording a 34 per cent growth to 143.82 billion transactions.The overall average ticket size …
New Delhi, March 29 (IANS) From April 1, 2026, making digital payments in India is set to become more secure, but slightly more time-consuming, as the Reserve Bank of India (RBI) rolls out new rules for online transactions.The central bank has made two-factor authentication (2FA) mandatory for all digital payments, including those made through UPI, debit and credit cards, and mobile wallets.This means that OTP alone will no longer be sufficient to complete a transaction. Users will now have to g…
New Delhi, March 6 (IANS) Credit card spending in India rose 8.1 per cent year-on-year (YoY) to Rs 2.05 lakh crore in January 2026, driven by momentum in e-commerce transactions, a report showed on Friday.The report by CareEdge Ratings also said that public sector banks (PSBs) registered a 7.1 per cent YoY growth in outstanding cards — a significant jump compared to private banks.In terms of transactions, digital payments continued to dominate credit card usage, with e-commerce accounting for o…