Credit Card Market Slowdown: A Cause for Concern

Blog read time : 2 mins

India-la ippo credit card market konjam slowdown-la pogudhu, which is raising concerns about consumer spending habits and financial stability. Recent data enna solluthu na, FY25-la first quarter-ku verum 4.4 million new credit cards issue pannirukaanga. Last year compare panna, 34.4% decrease aairku! 😟

Credit Card Usage & Overdues

Ithu mattum illa, late payments kooda increase aagudhu, especially low-limit cards-la. All categories-la overdue rates rise panniruku. Outstanding balances credit cards-la ₹3.3 lakh crore-ku reach panniruku by June 2024. Growth irundhalum, ithu slowdown aagudhu—last year 32.5% irundha growth ippo 26.5% dhan.

What Does This Mean for Us?

This is a beginning sign for broader economic issues. Rising inflation nala spending control panna try pannrom, but ithu economy growth-ku impact create pannum.

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