Credit Card Spending Surges 15% in September on Festive Demand and GST Boost

Credit card spending surged in September 2025, with private lenders HDFC Bank and ICICI Bank leading the growth in per-card spends, up 15% YoY. HDFC Bank reported a 2.8% YoY rise in per-card spending to Rs 23,959.8, while SBI Card saw a 33.5% increase to Rs 18,892.3. ICICI Bank logged a 27.4% rise to Rs 18,638.1. The growth was attributed to strong festive demand and GST rate rationalization.