Credit card defaults in India have increased sharply in 2024. According to the latest data from the Reserve Bank of India (RBI), non-performing assets (NPAs) in the credit card segment rose 28.42% year-on-year, touching ₹6,742 crore as of December 2024. This is a rise of nearly ₹1,500 crore from ₹5,250 crore in December 2023. Credit …


