BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
Total credit card spends rose 19% month-on-month in July 2021.
July-21 credit card spends came in at Rs 749 billion, surpassing monthly peak spends seen in March 2021 (Rs 723 billion) and October 2019 (Rs 712 billion).
Ratio of credit card spends to debit card spends remained stable on month-on-month basis at 1.24 times in July-21 (this ratio was less than one time in April-December 2020).
Average credit card spends per day (off–us transactions) saw continued improvement till Aug-21 but moderated in September 2021 till now.
Credit card spends per day improved from Rs 13.8 billion/12.7 billion/15.9 billion/18.1 billion in April-21-July-21 to Rs 19.2 billion in Aug-21 and Rs 18.1 billion in Sept-21.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
