From The Economic Times · Saloni Shukla · · 50s
Credit card additions rise ahead of festive season
Indian banks added 1.26 million credit cards in September, second-highest monthly level this year as they prepare for holidays.
In brief
Indian banks added 1.26 million credit cards in September, second-highest monthly level this year as they prepare for holidays. Indian banks added 1.26 million net credit cards in September, the second-highest monthly level this year, ahead of the festive season. Originally reported by The Economic Times.
Credit card additions rise
Indian lenders added 1.26 million net credit cards in September, the second-highest monthly level this year.
HDFC and Axis Bank lead additions
HDFC Bank and Axis Bank together added 539,878 cards in September, accounting for nearly 43% of net additions.
Quarterly growth accelerates
Banks added 3.72 million net credit cards in the July-September quarter, a 47% increase from the previous year.
Festive season preparation
Banks expanded card portfolios ahead of the prime festive season, with September additions 25% above September 2025 levels.
The bottom line
Indian banks added 1.26 million net credit cards in September, the second-highest monthly level this year, ahead of the festive season.
