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Economy News

The Economic Times News

Economy / The Economic Times

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Despite the stress, big banks keep playing credit cards

Several mid-sized lenders, including Kotak Mahindra Bank, RBL Bank, and IndusInd Bank, are slowing new credit card issuances due to ongoing sector stress and a focus on cleaning up books. This contrasts with larger banks like HDFC Bank and ICICI Bank, which continue aggressive portfolio expansion.

12 Dec 2025 12:43 am