September pain for credit card companies: Spending down 6% at Rs 2L cr
MUMBAI: Credit card spending fell 5.9% year-on-year to about Rs 2 lakh crore in Sept 2026, the first annual decline since Feb 2021, as festive purchases shifted to Oct and a high base amplified the fall.Spending had risen 13.3% month-on-month in Sept 2025 after GST rate cuts took effect and online festive sales began in…
