Credit card spends dip in Feb but top Rs 1 trn for 12th straight month

February typically sees a slight dip in spends compared to other months because it has fewer days. In January, spends had touched Rs 1.26 trillion, the second highest figure ever

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Credit card spends hit an all-time high in October, topping Rs 1.29 trillion, driven by the festive season

BS Reporter

2 min read Last Updated : Mar 27 2023 | 10:56 PM IST

Credit card spends in February dipped by about 8 per cent over January, but remained above the Rs 1-trillion mark for the twelfth consecutive month. According to the latest data released by the Reserve Bank of India (RBI), in February, credit card spends stood at Rs 1.18 trillion, up over 37 per cent from the year-ago period.

February typically sees a slight dip in spends compared to other months because it has fewer days. In January, spends had touched Rs 1.26 trillion, the second highest figure ever recorded.

Credit card spends hit an all-time high in October, topping Rs 1.29

Topics : Credit cards Credit card industry Credit card charges

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