Credit Card Growth Slows in June 2025 as New Additions Dip at Top Banks

Credit card growth in India witnessed a noticeable slowdown in June 2025 as major banks reported a decline in new card issuances. After several months of strong expansion driven by rising consumer spending and digital adoption, the latest RBI data indicates a moderation in the pace of credit card additions. Experts attribute this dip to stricter credit evaluation norms, seasonal factors, and cautious lending strategies adopted by top banks. While the overall credit card base continues to expand, the growth trajectory appears to be stabilizing compared to earlier months. Analysts believe this slowdown may be temporary, with festive season spending and new product launches expected to revive momentum in the coming quarters.