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Credit Card Spending Growth Normalises Amid Rising Balances — CareEdge Analysis
While online transactions continue to dominate, offline spending has shown resilience with steady growth, adds CareEdge.
20 Mar 2025, 10:50 AM IST 
Private banks have maintained a dominant position in the market, outpacing public sector banks in both card issuance and spending while also exhibiting stronger asset quality. (Photo source: pxhere.com)
Credit card spending has grown significantly from Rs 1.2 lakh crores in FY13 to Rs 15.6 lakh crores by 9M FY25 at a CAGR of 27.7%, reflecting a strong growth in consumer expenditure fueled by rising incomes, increasing credit card adoptions, growing digitalisation and economic expansion. This growth has been led by Private Sector Banks.
