New Delhi, March 6 -- The credit card sector in India is witnessing a slowdown, with disbursement growth falling to a four-year low, according to a report by ACMIIL, a stock market firm.

The report, which provides insights into the credit card segment for January 2025, highlights a decline in total spending and a drop in the number of credit cards in circulation.

Aggregate credit card expenditure in January stood at Rs 1.84 trillion, marking a month-on-month (MoM) decline from Rs 1.88 trillion in December 2024.

Despite this drop, spending was up 14 per cent on a year-on-year (YoY) basis. The MoM decline was primarily due to a high base in December, when spending typically rises due to year-end festivities and New Year celebrations.

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