Tag: credit cards

Credit cards-in-force crossed the 9-crore mark in August to touch a high of 9.13 crore cards outstanding as at the end of August, according to data by the Reserve Bank of India.Card additions for the month remained healthy, increasing by 1.6 per cent on-month compared with 1.3 per cent in July. The industry net added 14.1 lakh cards during the month, higher than 11.9 lakh cards in July. The increase in cards was also higher than the earlier peak of net additions of over 12 lakh credit cards...