menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Funding News

>

Credit Car...
source image

Bloomberg Quint

2w

read

258

img
dot

Image Credit: Bloomberg Quint

Credit Card Defaults Rise 28% in 2024, Surpass Rs 6,700 Crore: RBI Data

  • NPAs in the credit card segment increased by 28% in 2024, surpassing Rs 6,700 crore, according to RBI data.
  • The gross NPAs in the credit card segment grew by nearly Rs 1,500 crore from December 2023 to December 2024.
  • Credit card NPAs accounted for 2.3% of the gross loan outstanding of Rs 2.92 lakh crore in December 2024.
  • Credit card transactions increased to Rs 18.31 lakh crore during the financial year ending in March 2024.

Read Full Article

like

15 Likes

For uninterrupted reading, download the app