💨 Abstract

The Phillip Capital report predicts that credit costs in India's credit card segment will peak in the next 1-2 quarters due to increased delinquencies and costs. The sector has faced stress for the past three to four quarters. Credit costs have risen sharply for most players, except top private banks, with some lenders recording costs as high as 10%. This strain is due to higher defaults.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖