Credit card transactions up 28% in Jan

Credit card transactions up 28% in Jan

Credit card transactions during January, 2010 were at Rs 5,425.51 crore, according to the RBI data.

The number of credit cards in circulation have, however, declined by over 10 per cent to 1.81 crore as on January 31, 2011, from 2.02 crore in the same period last year.

During April-January period of the fiscal, total transactions carried out via credit cards increased 21.78 per cent to Rs 62,335.44 crore as against Rs 51,188.94 crore in the April-January period of 2010-11.