IDFC First Bank
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Credit card spends drop 10.1% MoM in April; SBI Cards outpaces peers, ICICI slips
India's credit card spending fell to ₹1.97 trillion in April 2026, down 10.1% MoM but up 7.1% YoY. SBI Cards led the pack with 29% YoY growth and 327bps market share gain, while ICICI Bank contracted 7% YoY. Federal Bank (+51%) and IDFC First scaled aggressively. Cards in force hit 119.4M; avg spend/card at ₹16,512.
Business Today · Latest · 5/27/2026, 12:03:15 PM
Fuel hike to add 10-25 bps to CPI; retail braces for price pass-through as RBI eyes projection reset
Petrol-diesel price hikes set to lift headline CPI by 10-25 bps, with freight rates rising 2.5-3% as diesel makes up 50-55% of truck costs. Companies that held back price increases are expected to raise rates, squeezing retail margins and consumer demand. RBI likely to reassess FY27 inflation projections.
Times of India · Business · 5/16/2026, 1:32:24 AM