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Rise in delinquencies: Banks buckle up, go slow on issuing new credit cards

By Economic Times - 3 weeks ago
Banks have slowed down credit card issuances due to increasing defaults among customers. The Reserve Bank of India reported a significant decline in new card additions from August to September. Experts warn that this cautious approach may continue as lenders are wary of rising delinquencies and new regulatory measures affecting unsecured loans.

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