💨 Abstract

The credit card sector in India is experiencing a slowdown, with disbursement growth falling to a four-year low, according to a report by ACMIIL. The report shows a decline in total spending and a drop in the number of credit cards in circulation, with aggregate credit card expenditure in January standing at Rs 1.84 trillion, down from Rs 1.88 trillion in December.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖