New Delhi, Feb. 25 -- The overall credit costs in the credit card segment are expected to peak in the next one to two quarters, according to a report by Phillip Capital.

The report highlighted that the sector has been facing stress for the last three to four quarters due to a rise in delinquencies and credit costs.

It said, "The performance of new cohorts is satisfactory and we expect overall credit costs to peak out in 1-2 quarters"

The report added that most players in the industry have seen a sharp increase in credit costs, except for top private banks. Some lenders recorded credit costs as high as 10 per cent during the quarter, which is significantly higher than their usual range of 5-6 per cent. This indicates the financial strai...