Credit card outstanding payments increase 38% in a year
Total credit card outstanding payments have increased 38.7% during the 12 months ended September 2017, as per RBI data. The outstanding amount surged to â¹59,900 crore in September 2017 from â¹43,200 crore in September 2016. Further, by the end of August 2017, the number of credit cards stood at 32.65 million against 26.39 million at the end of August 2016.