Mumbai, March 4:Total credit card spending in India reached Rs 1,84,100 crore (Rs 1,841 billion) in the month of January, marking a strong 14 per cent growth (year-on-year), a report showed on Tuesday.

The total credit card transaction volume in January 2025 stood at 430 million, reflecting a 31 per cent year-on-year growth, despite a 1 per cent month-on-month (MoM) decline due to the high base of December 2024. The slowdown in transaction volume is attributed to increased caution driven by rising delinquencies, according to the report by Asit C Mehta Investment Interrmediates Ltd.슬롯 머신 사이트 추천India슬롯사이트™s R&D Spending Doubled in Last 10 Years From INR 60,196 Crore to INR 1,27,381 Crore: Union Minister Jitendra Singh.

슬롯사이트œAlthough the credit card data saw a moderation at an industry level in terms of new card dispatches, card spendings and transaction per card but the leading banks such as HDFC and SBI saw higher card dispatches and consequently leading to market share gain,슬롯사이트� said Akshay Tiwari, AVP-Equity Research Analyst.

The number of outstanding credit cards stood at 109 million, declining by 1.2 million cards from December 2024. The average spending per card decreased slightly by 1 per cent (on-month) to Rs 16,911, though it registered a marginal 1 per cent YoY increase. The average spend per transaction was Rs 4,282, showing a 15 per cent YoY decrease, reflecting evolving consumer behaviour and macroeconomic conditions.

Leading banks continued to strengthen their presence in the credit card segment. HDFC Bank increased its market share from 20.2 per cent to 21.5 per cent over the past year through aggressive customer acquisition strategies. SBI recovered from a dip in market share to 18.8 per cent, adding 240,000 new cards in January alone. ICICI Bank improved its share from 16.3 per cent to 16.6 per cent, showed the report.슬롯 머신 사이트 추천Foxconn슬롯사이트™s Subsidiary Ennoconn To Start Operations in India With Industrial Automation and Digital Transformation.

A key highlight of the month was the Reserve Bank of India (RBI) lifting its 10-month embargo on Kotak Mahindra Bank슬롯사이트™s credit card issuance in February 2025. This move allows Kotak to re-enter the market, potentially reshaping the competitive landscape in the coming months. Kotak슬롯사이트™s market share currently stands at 4.6 per cent, reflecting the impact of the previous restriction. Despite short-term fluctuations in transaction volume and spending, the credit card industry continues to exhibit strong long-term growth.

(The above story first appeared on LatestLY on Mar 04, 2025 12:54 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).