Question
In terms of credit card spending in August 2023, which bank held the 1st, 2nd, and 3rd positions among Indians?
Solution
Credit card spending among Indians rose 2.67% to Rs 1.48 trn in August. HDFC Bank maintained its leadership position with 18.53 million cards, a tad lower than 18.54 million cards in the previous month. Meanwhile, SBI Cards stood at 17.78 million, ICICI Bank at 15.30 million, and Axis Bank at 12.96 million.
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