Digital payments rise 10.94% annually at September-end 2023: RBI data
RBI's Digital Payments Index (RBI-DPI) stood at 418.77 at the end of September 2023 compared to 377.46 in September 2022 and 395.57 in March 2023.
Source: moneycontrol.com
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Growth in banks' credit surpassing deposits: RBI
The gap between credit and deposit growth of banks as of the first fortnight of January 2024 has widened compared to the last fortnight of September 2023, according to the latest RBI data.
Source: ibtimes.co.in
Credit cards in India to soon hit 100-million mark, RBI data reveals
As of December 2023, there were 97.9 million outstanding credit cards, with a record 1.9 million additions during the month alone, the latest Reserve Bank of India (RBI) data revealed.
Source: livemint.com
HDFC becomes 1st bank to hit 2 crore credit cards milestone | India Business News
India Business News: MUMBAI: HDFC has become the first bank to achieve a milestone of two crore credit cards in force, the company said in a statement.
Source: indiatimes.com
After October spurt, credit card spends moderate in November
The volume of card transactions also rose to 3,200 lakh in October from 2,970 lakh in September but declined to 2,739 lakh in November. The number of credit cards also jumped to 960 lakh as of November 2023 as against 806 lakh a year ago, according to RBI data.
Source: indianexpress.com