Adani Enterp. 2519.65↑23.20(0.93%)
Adani Ports 735.80↑1.75(0.24%)
Apollo Hospitals 4622.70↑23.55(0.51%)
Asian Paints 3202.60↑58.20(1.85%)
Axis Bank 912.50↓-24.95(-2.66%)
B P C L 366.15↑5.75(1.60%)
Bajaj Auto 4568.90↓-23.00(-0.50%)
Bajaj Finance 6992.90↓-12.90(-0.18%)
Bajaj Finserv 1453.20↓-12.65(-0.86%)
Bharti Airtel 840.00↑21.55(2.63%)
Britannia Inds. 4658.20↑84.95(1.86%)
Cipla 961.90↑2.05(0.21%)
Coal India 241.30↓-3.00(-1.23%)
Divi's Lab. 3490.00↑32.00(0.93%)
Dr Reddy's Labs 4516.05↓-2.85(-0.06%)
Eicher Motors 3705.80↑27.45(0.75%)
Grasim Inds 1717.65↓-7.50(-0.43%)
H D F C 2643.30↓-50.05(-1.86%)
HCL Technologies 1149.00↑13.15(1.16%)
HDFC Bank 1610.50↓-26.25(-1.60%)
HDFC Life Insur. 587.65↑2.50(0.43%)
Hero Motocorp 2774.15↓-5.00(-0.18%)
Hind. Unilever 2670.55↑14.00(0.53%)
Hindalco Inds. 409.30↓-3.80(-0.92%)
ICICI Bank 947.45↓-2.50(-0.26%)
IndusInd Bank 1286.80↓-6.45(-0.50%)
Infosys 1329.90↑6.05(0.46%)
ITC 444.00↓-5.90(-1.31%)
JSW Steel 698.70↓-5.90(-0.84%)
Kotak Mah. Bank 1975.75↑1.05(0.05%)
Larsen & Toubro 2208.90↓-1.90(-0.09%)
M & M 1320.00↓-8.45(-0.64%)
Maruti Suzuki 9281.30↓-102.05(-1.09%)
Nestle India 21656.30↑81.85(0.38%)
NTPC 174.05↓-2.75(-1.56%)
O N G C 156.05↓-2.80(-1.76%)
Power Grid Corpn 232.40↓-2.70(-1.15%)
Reliance Industr 2481.50↓-38.45(-1.53%)
SBI Life Insuran 1231.55↑15.65(1.29%)
St Bk of India 582.70↓-10.10(-1.70%)
Sun Pharma.Inds. 978.80↑19.20(2.00%)
Tata Consumer 797.40↑6.50(0.82%)
Tata Motors 525.60↑6.80(1.31%)
Tata Steel 106.20↓-0.85(-0.79%)
TCS 3310.35↓-5.85(-0.18%)
Tech Mahindra 1125.70↑27.30(2.49%)
Titan Company 2808.00↑5.50(0.20%)
UltraTech Cem. 7823.75↓-78.20(-0.99%)
UPL 689.20↑0.15(0.02%)
Wipro 404.20↑1.70(0.42%)

Credit card spends dip in Feb but top Rs 1 trn for 12th straight month

February typically sees a slight dip in spends compared to other months because it has fewer days. In January, spends had touched Rs 1.26 trillion, the second highest figure ever

BS Reporter

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Credit card spends hit an all-time high in October, topping Rs 1.29 trillion, driven by the festive season

2 min read Last Updated : Mar 27 2023 | 10:56 PM IST

Credit card spends in February dipped by about 8 per cent over January, but remained above the Rs 1-trillion mark for the twelfth consecutive month. According to the latest data released by the Reserve Bank of India (RBI), in February, credit card spends stood at Rs 1.18 trillion, up over 37 per cent from the year-ago period.

February typically sees a slight dip in spends compared to other months because it has fewer days. In January, spends had touched Rs 1.26 trillion, the second highest figure ever recorded.

Credit card spends hit an all-time high in October, topping Rs 1.29 trillion, driven by the festive season. In FY23, credit card spends have been driven by discretionary spending, especially on travel and e-commerce.