Credit card spends surged to 4-month high of Rs 2 trillion in March

Card addition slows in FY25 following higher risk weight norm

Credit card spends surged to a four-month high of ₹2.01 trillion in March 2025 amid high year-end financial transactions, according to the latest data released by the Reserve Bank of India (RBI).

 

Banks added 800,000 cards in the financial year 2024-25 (FY25), much lower than in FY24, which saw over 15 million addition, due to higher risk weight norms on unsecured loans that came into effect from November 2023.

 

After falling to a seven-month low in February, the spending has increased nearly 20.69 per cent month-on-month (M-o-M) from ₹1.67 trillion. The spending had touched ₹2.02 trillion in October 2024 amid