Credit card arrears are rising rapidly in India, reaching a record high of 29.6 percent in January
Photo: File credit card Credit card outstanding grew by 29.6 per cent to an all-time high of Rs 1.87 lakh crore in January 2023 on rising consumer confidence and rapid digitization after the COVID-19 pandemic. According to the latest Reserve Bank of India (RBI) data, credit card dues increased by more than 20 per cent…