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The Economic Times

Economy / The Economic Times

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India's active credit cards cross 120 million in May

Indias credit card market crossed 120 million active cards in May, driven by strong new additions even as spending growth slowed, according to RBI data. Net card additions rose 34% year-on-year to 1.02 million, while total spending increased only 6.3% to 2.02 lakh crore.

26 Jun 2026 12:46 am