All four lending categories, Housing Finance Companies, Public Sector Banks, Private Sector Banks, and Regional Rural Banks show a consistent upward trend in lending or activity. \n Public Sector Banks maintain the largest volumes, growing from 15.91 lakh to 16.50 lakh, indicating steady public credit expansion. Private Sector Banks, though smaller in size, exhibit steady growth from 12.95 lakh to 13.09 lakh, suggesting healthy private lending momentum. \n Housing Finance Companies show stable growth from 6.54 lakh to 6.73 lakh, marking a clear, incremental rise each month, potentially driven by sustained demand in housing loans. \n Regional Rural Banks, while much smaller in scale, display a steady increase from 44.8k to 46.9k, pointing toward gradual financial inclusion progress in rural areas.

From January to July 2025, foreign banks in India displayed mixed trends in their credit card portfolios. American Express recorded a steady decline, falling from about 14.5 lakh cards in January to 13.6 lakh by July. Citi Bank, however, showed consistent growth, increasing its base from 2.27 lakh to nearly 2.49 lakh over the same period. \n HSBC also experienced healthy expansion, adding over 1.2 lakh cards and crossing 9.6 lakh by July. In contrast, DBS Bank India saw a continuous decline, dropping from nearly 4.95 lakh in January to just over 4.19 lakh in July. Standard Chartered Bank showed a similar downward trend, shrinking from over 9 lakh cards to 7.8 lakh. \n SBM Bank India bucked the trend with moderate growth, ending July with over 7.3 lakh cards despite fluctuations mid-year. Other foreign banks, including Bank of America, Barclays, Deutsche Bank, Doha Bank, KEB Hana, Kookmin, and Woori Bank, reported no activity in credit card issuance. \n Overall, the data suggests a consolidation of active foreign bank players, with Citi and HSBC expanding, Amex and StanChart shrinking, and DBS facing notable erosion in their credit card base.

Between January and July 2025, credit card issuance by private sector banks showed strong overall growth, though with contrasting trends across individual banks. \n HDFC Bank continued to dominate the market, crossing 2.5 crore cards by July, followed by ICICI Bank with over 1.81 crore cards, though ICICI saw fluctuations with a dip in May–June before recovering slightly. Axis Bank also maintained a strong position, steadily increasing to over 1.53 crore cards. IDFC First Bank emerged as one of the fastest-growing players, expanding from 3.38 crore cards in January to nearly 3.96 crore by July. \n Federal Bank also showed remarkable growth, crossing 15 lakh cards, while smaller players like CSB Bank, DCB Bank, and Dhanlaxmi Bank grew gradually from a low base. \n In contrast, Kotak Mahindra Bank and RBL Bank recorded consistent declines in their credit card base, while South Indian Bank and Tamilnad Mercantile Bank also saw steady erosion. Some banks, including Bandhan Bank, Karnataka Bank, and Nainital Bank, had either negligible or no presence in this segment. \n Overall, the data highlights the consolidation of market leadership among HDFC, ICICI, and Axis, alongside rapid scaling by IDFC First Bank and Federal Bank, while several mid-tier and smaller banks struggled to maintain momentum.

As of July 2, 2025, credit card usage across public sector banks shows a highly concentrated landscape. Out of a total of about 27 million transactions, the State Bank of India (SBI) alone accounts for nearly 79 percent, with over 21.3 million usages, making it the clear market leader. \n The next largest player, Bank of Baroda, contributes around 11 percent with 3.06 million transactions, while Canara Bank follows at about 4 percent. Other banks such as Punjab National Bank, Union Bank of India, and Indian Bank together make up less than 10 percent of the total. Smaller players, including Bank of Maharashtra, Bank of India, and Indian Overseas Bank, record extremely low usage, each with less than half a percent share. \n This distribution highlights the overwhelming dominance of SBI in the public sector credit card market, while also underlining significant growth opportunities for mid-tier and smaller banks that currently lag far behind.

In the small finance bank segment, AU Small Finance Bank continued to dominate the credit card space but showed a gradual decline, dropping from about 10.23 lakh cards in January 2025 to 9.68 lakh by August 2025. In contrast, several smaller players demonstrated rapid growth from a low base. \n Equitas Small Finance Bank expanded its credit card portfolio significantly—from just 65 cards in January to over 2,700 by August, while ESAF Small Finance Bank followed a similar trajectory, rising from 47 to 3,502 cards over the same period. Suryoday Small Finance Bank also saw a sharp increase, particularly after April, climbing from 29 cards in January to nearly 4,000 by August. \n Unity Small Finance Bank showed the most remarkable growth, from just 576 cards in April to over 29,000 by August, signaling an aggressive market entry. Utkarsh Small Finance Bank maintained steady and healthy growth, nearly doubling its base from 1.05 lakh to 1.85 lakh cards. \n Meanwhile, Capital, Jana, Shivalik, and Ujjivan Small Finance Banks reported no activity during the period. Overall, the data indicates that while AU Small Finance Bank remains the leader, younger entrants like Unity, Utkarsh, and Suryoday are driving the next phase of expansion in the small finance bank credit card segment.

The debit card base of foreign banks in India exhibited mixed trends during 2025. DBS India Bank Ltd maintained the largest share with over 16.4 lakh cards by August 2025, followed by Standard Chartered Bank Ltd, which saw a gradual decline from 10.3 lakh in January to 8.4 lakh by August. \n HSBC Ltd recorded a modest recovery, rising from 7.9 lakh in March to 8.45 lakh cards in August. SBM Bank India Ltd and Deutsche Bank Ltd displayed relatively stable performance around 8.3 lakh and 1 lakh cards, respectively. \n Smaller players like Doha Bank, Bank of Bahrain & Kuwait, and Woori Bank showed consistent but minor increases, reflecting steady niche operations. \n Overall, the segment indicates limited but stable debit card activity within foreign banks operating in India.

The credit card portfolio of India’s payments banks demonstrated a steady upward trend through 2025. India Post Payments Bank led the segment, growing from 2.34 crore cards in January to 2.80 crore by August 2025, reflecting strong rural and semi-urban adoption. \n Paytm Payments Bank maintained a consistent base of over 3.05 crore cards, highlighting its established digital presence. Airtel Payments Bank also saw robust growth from 57.6 lakh to over 76.2 lakh cards, while Fino Payments Bank recorded gradual expansion crossing 1.07 crore cards. \n Emerging players like Jio Payments Bank and NSDL Payments Bank showed rapid percentage growth from smaller bases, signaling increased participation in the digital credit ecosystem. \n Overall, payments banks continued to play a vital role in deepening financial inclusion and digital credit access across India.

As of August 2025, private sector banks in India continue to display robust growth in debit card issuance and usage, signaling strong customer engagement with digital payments. HDFC Bank leads the private sector with over 6.11 crore debit cards, followed closely by Axis Bank (4.13 crore) and ICICI Bank (3.14 crore). \n Kotak Mahindra Bank also shows steady expansion, reaching 3.65 crore debit cards. Mid-sized players like Federal Bank, IndusInd Bank, and IDFC FIRST Bank demonstrate consistent month-on-month growth, while regional banks such as City Union Bank, Karnataka Bank, and South Indian Bank maintain stable customer bases. \n The upward trend underscores the continued shift toward digital transactions and banking convenience, as private banks strengthen their retail presence and promote cashless ecosystems across India.

As of August 2025, debit card usage across India’s major public sector banks continues to show steady growth and resilience. State Bank of India (SBI) remains the clear leader with over 24.5 crore active debit cards, followed by Bank of Baroda (8.87 crore) and Canara Bank (6.09 crore). \n Union Bank of India, Punjab National Bank, and Indian Bank also maintain strong customer bases, each holding between 3.4 to 5.7 crore debit cards. Smaller players like Punjab & Sind Bank, Bank of Maharashtra, and UCO Bank show moderate but consistent growth month-over-month. \n The overall data highlights the continued dominance of public sector banks in India’s retail banking ecosystem, reflecting widespread penetration of debit card usage even in semi-urban and rural areas.

The debit card segment among small finance banks in India shows varied trends during 2025. AU Small Finance Bank Ltd continues to dominate with over 87 lakh cards by August, though it experienced a slight decline from its January peak of 89.2 lakh. \n Jana Small Finance Bank Ltd and ESAF Small Finance Bank Ltd recorded stable growth, reaching 40.7 lakh and 56.7 lakh cards, respectively. Slice Small Finance Bank Ltd showed strong growth after initial missing data, rising from 11.6 lakh in May to 20.9 lakh by August. \n Ujjivan Small Finance Bank Ltd and Equitas Small Finance Bank Ltd experienced gradual declines, while smaller players like Suryoday and Unity Small Finance Bank Ltd steadily increased their card base. \n Overall, the sector demonstrates moderate expansion, with emerging players gaining traction alongside established banks.

India has a strong upward trend in inward remittances over the 5 year period since 2019. Starting from US$ 76.4 billion in March 2019, inflows rose steadily to US$ 112.5 billion by July 2019, marking nearly a 47% increase in just 5 years. \n This pattern indicates robust remittance growth momentum, linked to favorable exchange rates,  and strong Indian diaspora earning

Inward Foreign Remittance Received by India

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Data Set - Remittance |

Author/Publisher - RBI |

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