Credit card game is back in full swing as players take the risks

Expenditures climbed 5.5% from June to Rs 1.93 lakh crore, which was a third higher than in July last year, the Reserve Bank of India (RBI) data showed. Net new card additions in July hit a five-month high at 425,000, taking the total tally to 111.6 million. The industry had reported a marginal contraction of 235 cards in June.