{
  "id": 3326555,
  "title": "India adds 1.26 million credit cards in July",
  "url": "https://urgent.news/2026/08/25/india-adds-1-26-million-credit-cards-in-july",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-25T18:16:55.000Z",
  "source": {
    "name": "The Economic Times",
    "slug": "the-economic-times",
    "url": "https://economictimes.indiatimes.com/industry/banking/finance/banking/india-adds-1-26-million-credit-cards-in-july-as-spending-rises-hdfc-sbi-lead-the-way/articleshow/133522044.cms"
  },
  "original_language": "en",
  "account": "India's credit-card issuers experienced a surge in card additions in July, introducing a net 1.26 million cards, marking an 11.5% increase from June, according to Reserve Bank of India data. Despite a 7.4% year-on-year rise in credit-card spending to ₹2.08 lakh crore and a 3.4% month-on-month increase, transaction volumes surged 24.5% year-on-year to 605.3 million, outpacing spending growth. Consequently, the average transaction value dropped nearly 14% to around ₹3,440 from ₹3,987. HDFC Bank led July's additions with 230,067 cards, followed by SBI Card and ICICI Bank, while Federal Bank and IndusInd Bank also reported significant growth. Public-sector banks' credit-card spending surged 22% year-on-year to ₹46,159 crore, capturing 22.2% of industry expenditure, while private-sector banks' spending grew 2.8% to ₹1.50 lakh crore, holding a 72.1% share.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Hindu BusinessLine",
        "title": "India’s July steel output rises 1.9%",
        "url": "https://urgent.news/2026/08/25/indias-july-steel-output-rises-1-9",
        "published": "2026-08-25T14:49:24.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}