The total number of credit cards declined by 22.6 lakh on a net basis in August this year to 7.8 crore from over 8 crore in the previous month due to a change in the RBI's regulation that required lenders to deactivate cards that have not been in use for a year. The largest declines were recorded by HDFC Bank and Axis Bank.from Personal Finance News-Wealth-Economic Times https://ift.tt/r4YK0Da
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