Credit card penetration lower in India despite asset quality improvements: CIBIL

The product's contribution to a wider credit ecosystem has gone down, with only 8% of new additions being new to credit as against 26% in the year-ago period, said an official

Jul 9, 2026 - 02:30
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Credit card penetration lower in India despite asset quality improvements: CIBIL
The product's contribution to a wider credit ecosystem has gone down, with only 8% of new additions being new to credit as against 26% in the year-ago period, said an official

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