Rise in credit card dues

[kirtivardhan]

Came across this article in todays paper.
SIgnificant rise in credit card dues compared to last year.

Credit card dues cross Rs 2 lakh crore for the first time - Times of India

India Business News: Mumbai : At nearly 30%, credit card dues have grown twice as fast as overall bank loans in a year.

m.timesofindia.com

 

[Patil007]

Yes, that is true and scary as well.

 

[Rohith_Kumar_Sp]

Most likely most of them were trying to pay the bill after a new financial year.

 

[Gaurav Goel]

Many people are still unaware of the knowledge of credit cards and are stuck in the minimum due trap.

 

[CARDBITRAGE]

Or banks pushed credit cards to a lot of financially stressed or irresponsible people