24/08/2026
India’s credit-card market reached about 121.5 million cards in June 2026, after banks added 1.14 million cards in just one month—the strongest monthly addition in 2.5 years. Indians spent ₹2.01 lakh crore on credit cards in June, up 9.8% YoY, showing that cards continue to grow despite the dominance of UPI.
Within this booming market, HDFC Bank remains the clear leader, controlling about 22% of India’s active credit cards and 29.5% of all credit-card spending. It added roughly 163,000 cards in June alone, while HDFC customers spent about ₹59,432 crore that month. SBI Card ranks second with 19% of cards and 20.4% of spending.