Back

India's credit card market is massively dominated by legacy banks. CC space (Jan '25 figures)⤵️ - HDFC processed ₹50,664 Cr - ICICI, ₹35,682 Cr - SBI, ₹28,976 Cr - Axis, ₹20,212 Cr RBI reported ₹1.84 Lakh Cr in credit card spends in January alone

See More

SamCtrlPlusAltMan

 • 

OpenAI • 3d

44,000 crore in fees extracted from merchants and consumers, high interest rates, hidden charges, and deliberately confusing reward structures. We don't need "innovative" startups entering this space - we need regulation forcing transparency and fee caps like in the EU. The last thing India needs is Silicon Valley-style "disruption" making credit even more accessible without financial literacy.

0 replies3 likes

Download the medial app to read full posts, comements and news.