Credit card NPAs spiked 500% in past four years, shows RBI data. What is driving defaults? | Mint
Credit card usage has undoubtedly risen considerably in the past few years, primarily steered by increased consumer spending and the growing popularity of digital payments. However, non-performing assets (NPAs) in the credit card segment also spiked by 28.42 per cent to ₹6,742 crore during the 12-month period ended December 2024, the latest Reserve Bank of … Read more