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Economy News

The Economic Times

Economy / The Economic Times

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Credit card spends bounce back in Dec, numbers also rise

Credit card usage in Mumbai saw an 8% rebound last month, reaching 2.05 lakh crore due to seasonal demand and year-end spending. Net new card additions hit a three-month high of over 900,000, boosting the total active cards to 115.7 million. Analysts anticipate steady spending momentum, supported by ongoing consumption trends and festive demand.

27 Jan 2026 11:55 pm