New Delhi, July 29 -- Credit card delinquencies in the country surged by 44 per cent year-on-year, reaching a whopping Rs.33,886 crore as of March 2025, according to a recent report by The Indian Express. This drastic rise is primarily attributed to overdue payments coinciding with a boom in consumer spending and easy access to unsecured credit.

Furthermore, a significant portion of these defaults - Rs.29,983.6 crore - comes from payments delayed between 91 and 180 days. This is a clear indication that borrowers are now struggling to manage repayment terms and schedules.

This jump in missed payments comes as the total number of credit cards in circulation has crossed 10 crore by September 2024, up from 9.3 crore in the past year. Data a...