Credit card debt has already declined as a share of the overall ABS market, making up 9 per cent of total issuance compared with 36 per cent at its peak in 2009, according to data from Morgan Stanley
The US president said the proposed cap, set to begin on January 20, would stop excessive charges by card issuers, though details on enforcement and industry compliance remain unclear
SBI Cards is expected to benefit from easing credit costs and improving asset quality, with rising spends and better portfolio performance likely to support stronger growth ahead
Fintech super.money issued over 4.7 lakh RuPay credit cards through Axis Bank, Kotak811, and Utkarsh SFB, expanding access to first-time credit users across India
Credit card spending surged in September 2025 on strong festive demand and GST rationalisation, with private lenders such as HDFC Bank and ICICI Bank leading the growth in per-card spends
Indians spent big this Diwali — and they did it smartly. ????✨ A new Paisabazaar survey shows that 42% of credit card users spent over ₹50,000, while one in five crossed the ₹1 lakh mark.
PhonePe and Mastercard have launched contactless tap-and-pay payments for Indian cardholders using NFC-enabled Android smartphones at merchant outlets in India and abroad
A student's Rs 24 lakh spend for friends' big buys has landed them on the tax radar. Experts warn such cashback chasing can invite scrutiny, penalties, and even legal trouble.