The overall volume delinquency (90-day) in the credit card industry improved by 5 basis points (bps) in 2019 and stood at 0.8 per cent, with private banks improving their performance compared to other card financiers.
According to a report by credit bureau CRIF High Mark, “Volume delinquency 30+ (30-day) or private banks improved by two basis points over the previous year while volume delinquency 90+ improved by seven basis points as of Dec 2019. Volume delinquency 30+ for other card financiers remained high, increasing by 14 bps Y-o-Y in Dec 2019, while volume delinquency 90+ remained stable but above 1 per