Current Affairs - Banking - Discussion

HSBC and American Express were the leading foreign banks in terms of net credit card additions in FY25, according to the latest data from the Reserve Bank of India (RBI). HSBC added 216,997 cards, while American Express added 107,086 cards. This growth indicates a strong rebound for these banks after previous declines, and it reflects a broader trend of increasing consumer demand for credit cards in India. The overall banking industry also saw the addition of over 8 million new credit cards, highlighting a rise in digital payment adoption and consumer credit appetite.