VERIFIEDET Finance·25 Jun 2026neutral

SBI Cards tops credit card additions in May as industry hits 12 crore milestone; spends grow 6.3% YoY

AI Summary

·India's credit card sector surpassed 12 crore cards in May 2026, with new additions up 33.7% year-on-year.
·Spending on credit cards saw a 6.3% year-on-year increase in May.
·SBI Cards led in new card issuance during May.