New Delhi, April 4 -- In December 2024, total number of credit cards was 108.06 million, a 10.4 percent year-on-year increase as compared to Dec 2023, shows a report by Worldline India.

The report further reveals that top five issuers of credit cards were HDFC Bank, State Bank of India (SBI), ICICI Bank, Axis Bank and RBL Bank.

71 percent of credit cards were issued by private sector banks while 24 percent by public sector banks. At the same time, 64 percent of debit cards were issued by public sector banks and 25 percent by private sector banks.

The remaining cards were issued by payment banks, small finance banks and foreign banks.

Similar to card issuance, the volume of card transactions in 2H 2024 was 4.1 billion, a growth of 11 p...