Credit card spending saw a boost in May, reaching ₹1.9 lakh crore. This marks an increase from the previous year. New card issuances also rose, hitting a four-month high. Transaction volumes increased significantly. HDFC Bank and SBI Cards led in new card issuances. However, some lenders like ICICI Bank and RBL Bank experienced a decline in their card base.
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Indians with ticket to travel give credit card spends a boost
