Credit Cards Data Update - Outstanding Increased By 20.73% For April: IDBI Capital

BQ Prime’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 BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..IDBI Capital Report.Credit card outstanding continued to report improvement in the April 2022 month; it grew by 20.73% YoY as compared to 18.66% YoY in March 2022 and stood at 75.2 million. Improvement in the April-22 was led by growth in number of outstanding credit cards by small finance banks (1404%) while private banks reported 23.5% YoY and public banks reported 20% YoY. Major players such as Kotak Mahindra Bank Ltd. (48.5%), ICICI Bank Ltd. (22.4%), State Bank of India (17%), HDFC Bank Ltd. (13%) reported strong YoY growth in the month of April’22.Volume of transaction improved by 41.45% YoY in the month of April-22 versus 18.5% YoY growth in March-22. Credit card spend increased by 78.3% YoY in the month of April-22 versus 47.9% YoY in March-22 and stood at 1,057.62 billion. The average spend per card in online e-com stood at 8,734 while at point of sale stood at 1,432..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime 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 BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Credit Cards Data Update - Outstanding Increased By 20.73% For April: IDBI Capital

Credit Cards Data Update - Outstanding Increased By 20.73% For April: IDBI Capital

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