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Indian Banks Add 1.26 Million Credit Cards in September Ahead of Festive Season

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Indian Banks Add 1.26 Million Credit Cards in September Ahead of Festive Season

Analysed 28 Oct 2026·2 sources analysed·Mumbai, India·Business
Indian Banks Add 1.26 Million Credit Cards in September Ahead of Festive SeasonPreviousNext

Indian banks, led by HDFC Bank and Axis Bank, added 1.26 million net credit cards in September 2026, marking the second-highest monthly increase this year ahead of the festive season, according to Reserve Bank of India data. The July-September quarter saw 3.72 million net additions, up 47% from the previous year. Total outstanding credit cards reached 125.32 million, a 10.4% rise from a year earlier. Growth was strong among private lenders, while ICICI Bank and Kotak Mahindra Bank showed more modest increases.

Sentiment
60%
TBN's observations

First-hand measurement across 2 sources

We measured how 2 outlets covered this story. No outlet gave this story a measurable political slant — there is no left–right reading to report. Overall sentiment is neutral (60/100). Lens Score 55/100.

Outlets measured: economictimes, economictimes. See how each one headlined and framed the same story in the source comparison below.

AI analysis of 2 sources · Published under editorial oversight by The Balanced News
Analysed 28 Oct 2026· How this analysis is produced· Editorial standards· Corrections

AI Analysis

Sentiment — Neutral (60/100)

Sentiment was consistent across outlets (55–65/100), indicating broadly factual reporting rather than editorialising.

Coverage timeline

economictimes broke this story on 27 Oct, 07:03 pm. Other outlets followed.

27 Oct, 07:03 pm2 sources · 6 h28 Oct, 12:34 am
AI analysis by the TBN Bias Engine · beat methodology byMrunal Wange· Business & Economy Editor· editorial standards byOjas Kale
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1
economictimes27 Oct, 07:03 pm
Credit card additions hit second-highest monthly level in 2026 as banks gear up for festive season
  • 2
    economictimes28 Oct, 12:34 am
    Credit card additions hit second-highest monthly level in 2026 as banks gear up for festive season
  • Who's involved

    Institutions and figures named across source coverage.

    Government
    Reserve Bank of India
    Corporate
    ICICI BankState Bank of India CardsHDFC BankSlice Small Finance BankFederal BankKotak Mahindra BankBank of BarodaAxis Bank

    Story context

    Category
    Business
    Location
    Mumbai, India
    Sources analysed
    2
    Last analysed
    28 Oct 2026
    Key entities
    Credit cardAxis BankHDFC BankReserve Bank of IndiaMumbaiSBI CardKotak Mahindra BankICICI BankBank of BarodaFederal Bank