Bank card-in-force falls for second consecutive month as issuers shut inactive playing cards

Excellent bank cards, or credit score card-in-force, fell for the second consecutive month in September as issuers closed inactive playing cards to adjust to Reserve Financial institution of India tips. Card-in-force fell by 0.4 per cent or 2.9 lakh to 7.8 crore on a web foundation as of September 30. Nonetheless, a number of issuers … Read more

Bank cards excellent declined in August as issuers deregister inactive playing cards

Bank cards excellent declined by 23 lakh to 7.8 crore in August, primarily because of a pointy drop in HDFC Financial institution and Axis Financial institution playing cards as they adopted the Reserve Financial institution of India norms for deactivating dormant playing cards, which began on July 1. efficient from. In August, HDFC Financial institution’s … Read more