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.

India credit card spends fell 10.1% MoM to ₹1.97T in April 2026; SBI Cards grew 29% YoY and gained 327bps share as ICICI slipped 7%.

Business Today · Latest · 5/27/2026, 12:03:15 PM · Ask about this →

SBI Cards + Axis Bank + Federal Bank + HDFC Bank + ICICI Bank + IDFC First Bank +