Credit card spending activity improved in May'26, recovering from the seasonal moderation witnessed in April. Total industry spends increased to Rs2.03trn from Rs1.98trn in Apr'26, registering 2.8% MoM growth, while YoY growth stood at 6.8%. Cards-in-force continued to witness healthy traction, reaching 120.45 million, up 8.47% YoY and 0.8% MoM. Net new card additions stood at 9.95 lakh, led by SBI (1.8 lakh), HDFC Bank (1.4 lakh) and ICICI Bank (1.6 lakh). Transaction volumes rebounded to 5.91bn, increasing 6.3% MoM and 26.2% YoY, indicating continued strength in card usage and consumer spending. The recovery in spends and transaction volumes suggests normalisation after the post year-end slowdown witnessed...