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India25 June 2026 at 07:16 pm
India's active credit cards cross 120 million in May
Quick Take
India’s 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
Why It Matters
Central bank rate decisions ripple through every asset class -- from loan EMIs to stock valuations to currency movements. Even a pause signals something.