HDFC Bank’s share edged up to 28.4%, while Despite this spending concentration, the share of active cards among the top five banks remained stable at around 74–75%, suggesting consumers increasingly rely on top banks for high-value purchases. January 2026 also saw total credit card spending decline 2.7% month-on-month to nearly Rs 2 lakh crore, but HDFC Bank and SBI recorded smaller contractions than the overall industry, lifting their combined market share to 47.5%. Online transactions dominated with 61.8 ...