Credit Card spends recover to pre-Covid levels in August

“Despite this not being a normal year, we saw a comeback of sorts from July, the second phase of spends will come during the festive season as there is a lot of suppressed demand among consumers,” said Parag Rao, Country head - Payments Business, HDFC Bank. “Dire need of the hour is for consumption to grow so that the economic engine roars back to life and we are doing our bit through our festive treats offering.”

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