Credit card spends rose 38.3% year-on-year(y-o-y) to an all-time high of Rs 1.8 trillion in October aided by strong festival season spends.
The 38.3% y-o-y growth witnessed in October was the highest in nine months. Spends rose 25.4% month-on-month (m-o-m), which is the highest in two years.
Read More : Credit Card Expenditure Soars 38%, Reaches Record High