Credit card spend jumps 14% in Sept
The Times of India Mumbai|October 29, 2022
In a pointer to consumer confidence, credit card spending in stores jumped 14% in September compared to August. Online spending grew 0.7% month on month, even as the number of credit cards shrank after banks continued to clean up their books of inactive cards.
Mayur.Shetty@timesgroup.com
Credit card spend jumps 14% in Sept

Data released by the RBI showed that the total value of spending in physical stores spiked to Rs 77,267 crore in September this year, up from Rs 67,414 crore in August 2020 - an increase of 14%. This increase coincided with the beginning of the festival season, which started with Ganesh Chaturthi in the country.

The decline in the number of cards is because of a new RBI regulation that requires banks to deactivate cards that have not been used for over a month since issue.

هذه القصة مأخوذة من طبعة October 29, 2022 من The Times of India Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة October 29, 2022 من The Times of India Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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