RBI Reports Credit Card Numbers Doubled In 5 Years

Credit card numbers in India have more than doubled to 10.80 crore by December 2024, compared to 5.53 crore in 2019, as per RBI. Debit card growth was slower, reaching 99.09 crore. Credit cards saw a 15% year-on-year growth, driven by public and private sector banks, while foreign banks declined. SFBs focus on financial inclusion.