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Credit card buys seen 8% lower in Apr-June quarter, say analysts

Among players in the credit card segment, HDFC Bank, despite a ban on issuing new credit cards, retained a sizeable, and, perhaps, the lar­gest market share in spends, at 27 per cent in May.

Topics
Credit Card | Credit card loans | Credit card industry

Subrata Panda  |  Mumbai 



Credit card buys seen 8% lower in Apr-June quarter, say analysts
According to a report by ICICI Securities, at the systemic level, the impact of the second wave on credit card and other payments was much lesser than during the first wave

spends appear to have recovered in June judging by trends, compared with a 7 per cent month-on-month decline in May because of the second wave of the Covid-19 pandemic.

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First Published: Tue, July 13 2021. 22:46 IST

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