Credit card growth numbers nose dive courtesy RBI
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Acc to recent data from RBI shows no of new credit card addition growth nosedives from 40%Yoy to 22% although still growth is vibrant In spends
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https://www.desidime.com/comments/permalink/10322302
because bank reduced easy credit cards approval recently maybe? dont know:) hmmm why this sudden change?
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https://www.desidime.com/comments/permalink/10322305
Increase in risk by RBI - cost of funds - RBI fearing us style household debt
Remember November 2023 RBI actions - not to forget bnpl via prepaid loaded cc bans
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