World & BusinessCredit card spending reportedly fell 2.8% in August as new card additions slowed
The Economic Times reports spending was still up 5.9% from August 2025, while banks added 1.19 million new cards—5.6% fewer than in July.
TLDR
The Economic Times reports that credit card spending fell to ₹2.02 lakh crore in August 2026, down 2.8% from July’s ₹2.08 lakh crore but up 5.9% from August 2025. Banks added 1.19 million new cards, down 5.6% from July, bringing the total number of credit cards to 124.1 million at month-end.
Credit card spending reportedly fell 2.8% in August as new card additions slowed
The Economic Times reports spending was still up 5.9% from August 2025, while banks added 1.19 million new cards—5.6% fewer than in July.
TLDR
The Economic Times reports that credit card spending fell to ₹2.02 lakh crore in August 2026, down 2.8% from July’s ₹2.08 lakh crore but up 5.9% from August 2025. Banks added 1.19 million new cards, down 5.6% from July, bringing the total number of credit cards to 124.1 million at month-end.