credit cards: Number of credit cards up but spending down? Shweta Daptardar explains what it means

Shweta Daptardar says: “ Across the credit card industry, be it SBI Cards, HDFC and other top players, while month-on-month there has been a decline in spends post the festive month. The year-on-year growth has been phenomenally strong across key players. However, as far as cards outstanding is concerned, most of the players have maintained their market share."

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