Sri Lanka, June 18 -- There has been some modest pickup in credit card spend in April reflecting that consumers are ramping up spending on everything from their staples to discretionary such as dine-outs and recreational activities as conditions turn relatively better while prices ease and the interest rates decline.

The latest data available for April showed that the licensed commercial banks had extended credit card debt worth Rs.4,381 million in the month alone. This could be attributed to the festive month where people spend more on everything from food staples to durables to leisure to dine outs to other recreational activities.

Growth in outstanding credit card balance in April, though relatively small, also coincides with the Rs....