Credit card spending activity strengthened in Jul'26, while industry spends increasing to Rs2.08 tn, up 3.4% MoM and 7.4% YoY. Cards-in-force continued to witness healthy traction, reaching 122.86 mn, up 9.88% YoY and 1.0% MoM. Net new card additions accelerated to 1.26 mn from 1.13 mn in Jun'26, led by HDFC Bank (0.23 mn), SBI (0.18 mn) and ICICI Bank (0.17 mn). Transaction volumes also improved to 605.27 mn, growing 4.1% MoM and 24.5% YoY, indicating sustained card usage and consumer spending activity. The sequential recovery in spends, transaction volumes and card...