In October, banks issued less than half the number of credit cards they issued a year ago as they tightened entry norms. Given that only a tiny proportion of Indians have credit cards, how long can banks rein in growth at the cost of missed opportunity? Mint explains:
Shayan Ghosh is a National Editor at LiveMint. He leads the BFSI coverage, focusing on traditional banks, shadow banks, and the central bank, while also tracking interest rate movements and their effects on the economy. With over 13 years of experience in financial journalism, he has been featured in Hindustan Times, VCCircle, World Wealth Journal, and more.