Number of credit cards shrink by 23 lakh in a month

[IndiaInsurance]

https://img.etimg.com/photo/94498600.cms (https://economictimes.indiatimes.com/wealth/personal-finance-news/number-of-credit-cards-shrink-by-23-lakh-in-a-month/articleshow/94498600.cms)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.

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