Festive sales push credit card spends to record ₹2.16 lakh crore
India's credit card spends hit an all-time high of ₹2.16 lakh crore in September, driven by strong online transactions during festive sales, according to ACMIIL. Online spends jumped 21.7% month-on-month, led by SBI, ICICI, Axis, and HDFC Bank. Digital payments now make up 66.5% of all transactions, marking India's rapid shift toward cashless spending.