Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

            } else {
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</span></span></code>
<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
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<code><span style="color: #000000"><span style="color: #0000BB">&nbsp;&nbsp;&nbsp;&nbsp;</span><span style="color: #007700">&lt;</span><span style="color: #0000BB">meta&nbsp;http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type"&nbsp;</span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html;&nbsp;charset=utf-8"</span><span style="color: #007700">/&gt;
</span></span></code></pre><pre id="cakeErr67f27698bfea8-context" class="cake-context" style="display: none;">$viewFile = &#039;/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp&#039;
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-The Indian Express&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;In fact, card outstandings have shot up by 77.74 per cent in the last two years, from Rs 33,700 crore in September 2015.&lt;br /&gt;
&lt;br /&gt;
Mumbai: &lt;/em&gt;Nearly A year after demonetisation, credit card usage has seen a sharp rise with outstandings rising 38.7 per cent during the 12 months ended September 2017. The total credit card outstandings - money spent by card holders and not repaid to the card company or bank - surged to Rs 59,900 crore at the end of September 2017, against Rs 43,200 crore in the same period last year, according to data released by the Reserve Bank of India (RBI) on Tuesday.&lt;br /&gt;
&lt;br /&gt;
In fact, card outstandings have shot up by 77.74 per cent in the last two years, from Rs 33,700 crore in September 2015. The rise in card usage was more pronounced in the last 12 months as the banking system witnessed a shortage of cash during the November-January period of fiscal 2016-17, after the government and RBI withdrew Rs 500 and Rs 1,000 notes from circulation.&lt;br /&gt;
&lt;br /&gt;
According to the RBI, the number of credit cards also rose sharply from 26.39 million in August 2016 to 32.65 million in August 2017. Banks normally charge an interest of 3.49 per cent per month (41.88 per cent per annum) on card outstandings. This means banks should earn an interest of close to Rs 2,090 crore on the outstanding amount of Rs 59,900 crore. Besides this, banks also charge 18 per cent GST on the amount. Interest rates are high on card outstandings as incidents of defaults are very high in the segment, said a bank official.&lt;br /&gt;
&lt;br /&gt;
A recent survey indicated a clear increase in credit card usage among urban Indians over the last 12 months - 57 per cent of credit card holders reported they were using their credit cards more often now than they did a year ago. &amp;quot;Survey respondents reported various reasons for using their credit card. When asked to select all the ways they have used credit cards in the last 12 months, 59 per cent of the survey participants said that they used their credit cards to pay bills; 53 per cent said they used them for large purchases; and 45 per cent used them over other forms of payment to gain discounts and other rewards,&amp;quot; TransUnion Cibil said in the survey.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://indianexpress.com/article/business/business-others/one-year-after-demonetisation-credit-card-use-up-but-balance-due-surges-by-39-per-cent-4916475/&quot;&gt;click here&lt;/a&gt; to read more.&amp;nbsp; &lt;br /&gt;
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In fact, card outstandings have shot up by 77.74 per cent in the last two years, from Rs 33,700 crore in September 2015.

Mumbai: Nearly A year after demonetisation, credit card usage has seen a sharp rise with outstandings...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-The Indian Express&lt;br /&gt;&lt;br /&gt;&lt;em&gt;In fact, card outstandings have shot up by 77.74 per cent in the last two years, from Rs 33,700 crore in September 2015.&lt;br /&gt;&lt;br /&gt;Mumbai: &lt;/em&gt;Nearly A year after demonetisation, credit card usage has seen a sharp rise with outstandings rising 38.7 per cent during the 12 months ended September 2017. The total credit card outstandings - money spent by card holders and not repaid to the card company or bank - surged to Rs 59,900 crore at the end of September 2017, against Rs 43,200 crore in the same period last year, according to data released by the Reserve Bank of India (RBI) on Tuesday.&lt;br /&gt;&lt;br /&gt;In fact, card outstandings have shot up by 77.74 per cent in the last two years, from Rs 33,700 crore in September 2015. The rise in card usage was more pronounced in the last 12 months as the banking system witnessed a shortage of cash during the November-January period of fiscal 2016-17, after the government and RBI withdrew Rs 500 and Rs 1,000 notes from circulation.&lt;br /&gt;&lt;br /&gt;According to the RBI, the number of credit cards also rose sharply from 26.39 million in August 2016 to 32.65 million in August 2017. Banks normally charge an interest of 3.49 per cent per month (41.88 per cent per annum) on card outstandings. This means banks should earn an interest of close to Rs 2,090 crore on the outstanding amount of Rs 59,900 crore. Besides this, banks also charge 18 per cent GST on the amount. Interest rates are high on card outstandings as incidents of defaults are very high in the segment, said a bank official.&lt;br /&gt;&lt;br /&gt;A recent survey indicated a clear increase in credit card usage among urban Indians over the last 12 months - 57 per cent of credit card holders reported they were using their credit cards more often now than they did a year ago. &amp;quot;Survey respondents reported various reasons for using their credit card. When asked to select all the ways they have used credit cards in the last 12 months, 59 per cent of the survey participants said that they used their credit cards to pay bills; 53 per cent said they used them for large purchases; and 45 per cent used them over other forms of payment to gain discounts and other rewards,&amp;quot; TransUnion Cibil said in the survey.&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;http://indianexpress.com/article/business/business-others/one-year-after-demonetisation-credit-card-use-up-but-balance-due-surges-by-39-per-cent-4916475/&quot; title=&quot;http://indianexpress.com/article/business/business-others/one-year-after-demonetisation-credit-card-use-up-but-balance-due-surges-by-39-per-cent-4916475/&quot;&gt;click here&lt;/a&gt; to read more.&amp;nbsp; &lt;br /&gt;&lt;/div&gt;&#039;,
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-The Indian Express&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;In fact, card outstandings have shot up by 77.74 per cent in the last two years, from Rs 33,700 crore in September 2015.&lt;br /&gt;
&lt;br /&gt;
Mumbai: &lt;/em&gt;Nearly A year after demonetisation, credit card usage has seen a sharp rise with outstandings rising 38.7 per cent during the 12 months ended September 2017. The total credit card outstandings - money spent by card holders and not repaid to the card company or bank - surged to Rs 59,900 crore at the end of September 2017, against Rs 43,200 crore in the same period last year, according to data released by the Reserve Bank of India (RBI) on Tuesday.&lt;br /&gt;
&lt;br /&gt;
In fact, card outstandings have shot up by 77.74 per cent in the last two years, from Rs 33,700 crore in September 2015. The rise in card usage was more pronounced in the last 12 months as the banking system witnessed a shortage of cash during the November-January period of fiscal 2016-17, after the government and RBI withdrew Rs 500 and Rs 1,000 notes from circulation.&lt;br /&gt;
&lt;br /&gt;
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&lt;br /&gt;
A recent survey indicated a clear increase in credit card usage among urban Indians over the last 12 months - 57 per cent of credit card holders reported they were using their credit cards more often now than they did a year ago. &amp;quot;Survey respondents reported various reasons for using their credit card. When asked to select all the ways they have used credit cards in the last 12 months, 59 per cent of the survey participants said that they used their credit cards to pay bills; 53 per cent said they used them for large purchases; and 45 per cent used them over other forms of payment to gain discounts and other rewards,&amp;quot; TransUnion Cibil said in the survey.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://indianexpress.com/article/business/business-others/one-year-after-demonetisation-credit-card-use-up-but-balance-due-surges-by-39-per-cent-4916475/&quot;&gt;click here&lt;/a&gt; to read more.&amp;nbsp; &lt;br /&gt;
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-The Indian Express

In fact, card outstandings have shot up by 77.74 per cent in the last two years, from Rs 33,700 crore in September 2015.

Mumbai: Nearly A year after demonetisation, credit card usage has seen a sharp rise with outstandings...&#039;
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-The Indian Express

In fact, card outstandings have shot up by 77.74 per cent in the last two years, from Rs 33,700 crore in September 2015.

Mumbai: Nearly A year after demonetisation, credit card usage has seen a sharp rise with outstandings..."/>
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                <strong>One year after demonetisation: Credit card use up but balance due surges by 39 per cent -George Mathew</strong></h1>
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                <div align="justify">-The Indian Express<br /><br /><em>In fact, card outstandings have shot up by 77.74 per cent in the last two years, from Rs 33,700 crore in September 2015.<br /><br />Mumbai: </em>Nearly A year after demonetisation, credit card usage has seen a sharp rise with outstandings rising 38.7 per cent during the 12 months ended September 2017. The total credit card outstandings - money spent by card holders and not repaid to the card company or bank - surged to Rs 59,900 crore at the end of September 2017, against Rs 43,200 crore in the same period last year, according to data released by the Reserve Bank of India (RBI) on Tuesday.<br /><br />In fact, card outstandings have shot up by 77.74 per cent in the last two years, from Rs 33,700 crore in September 2015. The rise in card usage was more pronounced in the last 12 months as the banking system witnessed a shortage of cash during the November-January period of fiscal 2016-17, after the government and RBI withdrew Rs 500 and Rs 1,000 notes from circulation.<br /><br />According to the RBI, the number of credit cards also rose sharply from 26.39 million in August 2016 to 32.65 million in August 2017. Banks normally charge an interest of 3.49 per cent per month (41.88 per cent per annum) on card outstandings. This means banks should earn an interest of close to Rs 2,090 crore on the outstanding amount of Rs 59,900 crore. Besides this, banks also charge 18 per cent GST on the amount. Interest rates are high on card outstandings as incidents of defaults are very high in the segment, said a bank official.<br /><br />A recent survey indicated a clear increase in credit card usage among urban Indians over the last 12 months - 57 per cent of credit card holders reported they were using their credit cards more often now than they did a year ago. &quot;Survey respondents reported various reasons for using their credit card. When asked to select all the ways they have used credit cards in the last 12 months, 59 per cent of the survey participants said that they used their credit cards to pay bills; 53 per cent said they used them for large purchases; and 45 per cent used them over other forms of payment to gain discounts and other rewards,&quot; TransUnion Cibil said in the survey.<br /><br />Please <a href="http://indianexpress.com/article/business/business-others/one-year-after-demonetisation-credit-card-use-up-but-balance-due-surges-by-39-per-cent-4916475/" title="http://indianexpress.com/article/business/business-others/one-year-after-demonetisation-credit-card-use-up-but-balance-due-surges-by-39-per-cent-4916475/">click here</a> to read more.&nbsp; <br /></div>               </font>
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    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f27698bfea8-trace').style.display = (document.getElementById('cakeErr67f27698bfea8-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67f27698bfea8-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f27698bfea8-code').style.display = (document.getElementById('cakeErr67f27698bfea8-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f27698bfea8-context').style.display = (document.getElementById('cakeErr67f27698bfea8-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67f27698bfea8-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
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-The Indian Express&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;In fact, card outstandings have shot up by 77.74 per cent in the last two years, from Rs 33,700 crore in September 2015.&lt;br /&gt;
&lt;br /&gt;
Mumbai: &lt;/em&gt;Nearly A year after demonetisation, credit card usage has seen a sharp rise with outstandings rising 38.7 per cent during the 12 months ended September 2017. The total credit card outstandings - money spent by card holders and not repaid to the card company or bank - surged to Rs 59,900 crore at the end of September 2017, against Rs 43,200 crore in the same period last year, according to data released by the Reserve Bank of India (RBI) on Tuesday.&lt;br /&gt;
&lt;br /&gt;
In fact, card outstandings have shot up by 77.74 per cent in the last two years, from Rs 33,700 crore in September 2015. The rise in card usage was more pronounced in the last 12 months as the banking system witnessed a shortage of cash during the November-January period of fiscal 2016-17, after the government and RBI withdrew Rs 500 and Rs 1,000 notes from circulation.&lt;br /&gt;
&lt;br /&gt;
According to the RBI, the number of credit cards also rose sharply from 26.39 million in August 2016 to 32.65 million in August 2017. Banks normally charge an interest of 3.49 per cent per month (41.88 per cent per annum) on card outstandings. This means banks should earn an interest of close to Rs 2,090 crore on the outstanding amount of Rs 59,900 crore. Besides this, banks also charge 18 per cent GST on the amount. Interest rates are high on card outstandings as incidents of defaults are very high in the segment, said a bank official.&lt;br /&gt;
&lt;br /&gt;
A recent survey indicated a clear increase in credit card usage among urban Indians over the last 12 months - 57 per cent of credit card holders reported they were using their credit cards more often now than they did a year ago. &amp;quot;Survey respondents reported various reasons for using their credit card. When asked to select all the ways they have used credit cards in the last 12 months, 59 per cent of the survey participants said that they used their credit cards to pay bills; 53 per cent said they used them for large purchases; and 45 per cent used them over other forms of payment to gain discounts and other rewards,&amp;quot; TransUnion Cibil said in the survey.&lt;br /&gt;
&lt;br /&gt;
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Mumbai: Nearly A year after demonetisation, credit card usage has seen a sharp rise with outstandings...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-The Indian Express&lt;br /&gt;&lt;br /&gt;&lt;em&gt;In fact, card outstandings have shot up by 77.74 per cent in the last two years, from Rs 33,700 crore in September 2015.&lt;br /&gt;&lt;br /&gt;Mumbai: &lt;/em&gt;Nearly A year after demonetisation, credit card usage has seen a sharp rise with outstandings rising 38.7 per cent during the 12 months ended September 2017. The total credit card outstandings - money spent by card holders and not repaid to the card company or bank - surged to Rs 59,900 crore at the end of September 2017, against Rs 43,200 crore in the same period last year, according to data released by the Reserve Bank of India (RBI) on Tuesday.&lt;br /&gt;&lt;br /&gt;In fact, card outstandings have shot up by 77.74 per cent in the last two years, from Rs 33,700 crore in September 2015. The rise in card usage was more pronounced in the last 12 months as the banking system witnessed a shortage of cash during the November-January period of fiscal 2016-17, after the government and RBI withdrew Rs 500 and Rs 1,000 notes from circulation.&lt;br /&gt;&lt;br /&gt;According to the RBI, the number of credit cards also rose sharply from 26.39 million in August 2016 to 32.65 million in August 2017. Banks normally charge an interest of 3.49 per cent per month (41.88 per cent per annum) on card outstandings. This means banks should earn an interest of close to Rs 2,090 crore on the outstanding amount of Rs 59,900 crore. Besides this, banks also charge 18 per cent GST on the amount. Interest rates are high on card outstandings as incidents of defaults are very high in the segment, said a bank official.&lt;br /&gt;&lt;br /&gt;A recent survey indicated a clear increase in credit card usage among urban Indians over the last 12 months - 57 per cent of credit card holders reported they were using their credit cards more often now than they did a year ago. &amp;quot;Survey respondents reported various reasons for using their credit card. When asked to select all the ways they have used credit cards in the last 12 months, 59 per cent of the survey participants said that they used their credit cards to pay bills; 53 per cent said they used them for large purchases; and 45 per cent used them over other forms of payment to gain discounts and other rewards,&amp;quot; TransUnion Cibil said in the survey.&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;http://indianexpress.com/article/business/business-others/one-year-after-demonetisation-credit-card-use-up-but-balance-due-surges-by-39-per-cent-4916475/&quot; title=&quot;http://indianexpress.com/article/business/business-others/one-year-after-demonetisation-credit-card-use-up-but-balance-due-surges-by-39-per-cent-4916475/&quot;&gt;click here&lt;/a&gt; to read more.&amp;nbsp; &lt;br /&gt;&lt;/div&gt;&#039;,
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&lt;em&gt;In fact, card outstandings have shot up by 77.74 per cent in the last two years, from Rs 33,700 crore in September 2015.&lt;br /&gt;
&lt;br /&gt;
Mumbai: &lt;/em&gt;Nearly A year after demonetisation, credit card usage has seen a sharp rise with outstandings rising 38.7 per cent during the 12 months ended September 2017. The total credit card outstandings - money spent by card holders and not repaid to the card company or bank - surged to Rs 59,900 crore at the end of September 2017, against Rs 43,200 crore in the same period last year, according to data released by the Reserve Bank of India (RBI) on Tuesday.&lt;br /&gt;
&lt;br /&gt;
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&lt;br /&gt;
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&lt;br /&gt;
A recent survey indicated a clear increase in credit card usage among urban Indians over the last 12 months - 57 per cent of credit card holders reported they were using their credit cards more often now than they did a year ago. &amp;quot;Survey respondents reported various reasons for using their credit card. When asked to select all the ways they have used credit cards in the last 12 months, 59 per cent of the survey participants said that they used their credit cards to pay bills; 53 per cent said they used them for large purchases; and 45 per cent used them over other forms of payment to gain discounts and other rewards,&amp;quot; TransUnion Cibil said in the survey.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://indianexpress.com/article/business/business-others/one-year-after-demonetisation-credit-card-use-up-but-balance-due-surges-by-39-per-cent-4916475/&quot;&gt;click here&lt;/a&gt; to read more.&amp;nbsp; &lt;br /&gt;
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-The Indian Express

In fact, card outstandings have shot up by 77.74 per cent in the last two years, from Rs 33,700 crore in September 2015.

Mumbai: Nearly A year after demonetisation, credit card usage has seen a sharp rise with outstandings..."/>
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                <strong>One year after demonetisation: Credit card use up but balance due surges by 39 per cent -George Mathew</strong></h1>
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                <div align="justify">-The Indian Express<br /><br /><em>In fact, card outstandings have shot up by 77.74 per cent in the last two years, from Rs 33,700 crore in September 2015.<br /><br />Mumbai: </em>Nearly A year after demonetisation, credit card usage has seen a sharp rise with outstandings rising 38.7 per cent during the 12 months ended September 2017. The total credit card outstandings - money spent by card holders and not repaid to the card company or bank - surged to Rs 59,900 crore at the end of September 2017, against Rs 43,200 crore in the same period last year, according to data released by the Reserve Bank of India (RBI) on Tuesday.<br /><br />In fact, card outstandings have shot up by 77.74 per cent in the last two years, from Rs 33,700 crore in September 2015. The rise in card usage was more pronounced in the last 12 months as the banking system witnessed a shortage of cash during the November-January period of fiscal 2016-17, after the government and RBI withdrew Rs 500 and Rs 1,000 notes from circulation.<br /><br />According to the RBI, the number of credit cards also rose sharply from 26.39 million in August 2016 to 32.65 million in August 2017. Banks normally charge an interest of 3.49 per cent per month (41.88 per cent per annum) on card outstandings. This means banks should earn an interest of close to Rs 2,090 crore on the outstanding amount of Rs 59,900 crore. Besides this, banks also charge 18 per cent GST on the amount. Interest rates are high on card outstandings as incidents of defaults are very high in the segment, said a bank official.<br /><br />A recent survey indicated a clear increase in credit card usage among urban Indians over the last 12 months - 57 per cent of credit card holders reported they were using their credit cards more often now than they did a year ago. &quot;Survey respondents reported various reasons for using their credit card. When asked to select all the ways they have used credit cards in the last 12 months, 59 per cent of the survey participants said that they used their credit cards to pay bills; 53 per cent said they used them for large purchases; and 45 per cent used them over other forms of payment to gain discounts and other rewards,&quot; TransUnion Cibil said in the survey.<br /><br />Please <a href="http://indianexpress.com/article/business/business-others/one-year-after-demonetisation-credit-card-use-up-but-balance-due-surges-by-39-per-cent-4916475/" title="http://indianexpress.com/article/business/business-others/one-year-after-demonetisation-credit-card-use-up-but-balance-due-surges-by-39-per-cent-4916475/">click here</a> to read more.&nbsp; <br /></div>               </font>
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-The Indian Express&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;In fact, card outstandings have shot up by 77.74 per cent in the last two years, from Rs 33,700 crore in September 2015.&lt;br /&gt;
&lt;br /&gt;
Mumbai: &lt;/em&gt;Nearly A year after demonetisation, credit card usage has seen a sharp rise with outstandings rising 38.7 per cent during the 12 months ended September 2017. The total credit card outstandings - money spent by card holders and not repaid to the card company or bank - surged to Rs 59,900 crore at the end of September 2017, against Rs 43,200 crore in the same period last year, according to data released by the Reserve Bank of India (RBI) on Tuesday.&lt;br /&gt;
&lt;br /&gt;
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&lt;br /&gt;
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&lt;br /&gt;
A recent survey indicated a clear increase in credit card usage among urban Indians over the last 12 months - 57 per cent of credit card holders reported they were using their credit cards more often now than they did a year ago. &amp;quot;Survey respondents reported various reasons for using their credit card. When asked to select all the ways they have used credit cards in the last 12 months, 59 per cent of the survey participants said that they used their credit cards to pay bills; 53 per cent said they used them for large purchases; and 45 per cent used them over other forms of payment to gain discounts and other rewards,&amp;quot; TransUnion Cibil said in the survey.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://indianexpress.com/article/business/business-others/one-year-after-demonetisation-credit-card-use-up-but-balance-due-surges-by-39-per-cent-4916475/&quot;&gt;click here&lt;/a&gt; to read more.&amp;nbsp; &lt;br /&gt;
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-The Indian Express

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Mumbai: Nearly A year after demonetisation, credit card usage has seen a sharp rise with outstandings...&#039;,
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-The Indian Express&lt;br /&gt;
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&lt;em&gt;In fact, card outstandings have shot up by 77.74 per cent in the last two years, from Rs 33,700 crore in September 2015.&lt;br /&gt;
&lt;br /&gt;
Mumbai: &lt;/em&gt;Nearly A year after demonetisation, credit card usage has seen a sharp rise with outstandings rising 38.7 per cent during the 12 months ended September 2017. The total credit card outstandings - money spent by card holders and not repaid to the card company or bank - surged to Rs 59,900 crore at the end of September 2017, against Rs 43,200 crore in the same period last year, according to data released by the Reserve Bank of India (RBI) on Tuesday.&lt;br /&gt;
&lt;br /&gt;
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&lt;br /&gt;
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&lt;br /&gt;
A recent survey indicated a clear increase in credit card usage among urban Indians over the last 12 months - 57 per cent of credit card holders reported they were using their credit cards more often now than they did a year ago. &amp;quot;Survey respondents reported various reasons for using their credit card. When asked to select all the ways they have used credit cards in the last 12 months, 59 per cent of the survey participants said that they used their credit cards to pay bills; 53 per cent said they used them for large purchases; and 45 per cent used them over other forms of payment to gain discounts and other rewards,&amp;quot; TransUnion Cibil said in the survey.&lt;br /&gt;
&lt;br /&gt;
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-The Indian Express

In fact, card outstandings have shot up by 77.74 per cent in the last two years, from Rs 33,700 crore in September 2015.

Mumbai: Nearly A year after demonetisation, credit card usage has seen a sharp rise with outstandings...&#039;
$disp = &#039;&lt;div align=&quot;justify&quot;&gt;-The Indian Express&lt;br /&gt;&lt;br /&gt;&lt;em&gt;In fact, card outstandings have shot up by 77.74 per cent in the last two years, from Rs 33,700 crore in September 2015.&lt;br /&gt;&lt;br /&gt;Mumbai: &lt;/em&gt;Nearly A year after demonetisation, credit card usage has seen a sharp rise with outstandings rising 38.7 per cent during the 12 months ended September 2017. The total credit card outstandings - money spent by card holders and not repaid to the card company or bank - surged to Rs 59,900 crore at the end of September 2017, against Rs 43,200 crore in the same period last year, according to data released by the Reserve Bank of India (RBI) on Tuesday.&lt;br /&gt;&lt;br /&gt;In fact, card outstandings have shot up by 77.74 per cent in the last two years, from Rs 33,700 crore in September 2015. The rise in card usage was more pronounced in the last 12 months as the banking system witnessed a shortage of cash during the November-January period of fiscal 2016-17, after the government and RBI withdrew Rs 500 and Rs 1,000 notes from circulation.&lt;br /&gt;&lt;br /&gt;According to the RBI, the number of credit cards also rose sharply from 26.39 million in August 2016 to 32.65 million in August 2017. Banks normally charge an interest of 3.49 per cent per month (41.88 per cent per annum) on card outstandings. This means banks should earn an interest of close to Rs 2,090 crore on the outstanding amount of Rs 59,900 crore. Besides this, banks also charge 18 per cent GST on the amount. Interest rates are high on card outstandings as incidents of defaults are very high in the segment, said a bank official.&lt;br /&gt;&lt;br /&gt;A recent survey indicated a clear increase in credit card usage among urban Indians over the last 12 months - 57 per cent of credit card holders reported they were using their credit cards more often now than they did a year ago. &amp;quot;Survey respondents reported various reasons for using their credit card. When asked to select all the ways they have used credit cards in the last 12 months, 59 per cent of the survey participants said that they used their credit cards to pay bills; 53 per cent said they used them for large purchases; and 45 per cent used them over other forms of payment to gain discounts and other rewards,&amp;quot; TransUnion Cibil said in the survey.&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;http://indianexpress.com/article/business/business-others/one-year-after-demonetisation-credit-card-use-up-but-balance-due-surges-by-39-per-cent-4916475/&quot; title=&quot;http://indianexpress.com/article/business/business-others/one-year-after-demonetisation-credit-card-use-up-but-balance-due-surges-by-39-per-cent-4916475/&quot;&gt;click here&lt;/a&gt; to read more.&amp;nbsp; &lt;br /&gt;&lt;/div&gt;&#039;
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-The Indian Express

In fact, card outstandings have shot up by 77.74 per cent in the last two years, from Rs 33,700 crore in September 2015.

Mumbai: Nearly A year after demonetisation, credit card usage has seen a sharp rise with outstandings..."/>
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                <strong>One year after demonetisation: Credit card use up but balance due surges by 39 per cent -George Mathew</strong></h1>
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                <div align="justify">-The Indian Express<br /><br /><em>In fact, card outstandings have shot up by 77.74 per cent in the last two years, from Rs 33,700 crore in September 2015.<br /><br />Mumbai: </em>Nearly A year after demonetisation, credit card usage has seen a sharp rise with outstandings rising 38.7 per cent during the 12 months ended September 2017. The total credit card outstandings - money spent by card holders and not repaid to the card company or bank - surged to Rs 59,900 crore at the end of September 2017, against Rs 43,200 crore in the same period last year, according to data released by the Reserve Bank of India (RBI) on Tuesday.<br /><br />In fact, card outstandings have shot up by 77.74 per cent in the last two years, from Rs 33,700 crore in September 2015. The rise in card usage was more pronounced in the last 12 months as the banking system witnessed a shortage of cash during the November-January period of fiscal 2016-17, after the government and RBI withdrew Rs 500 and Rs 1,000 notes from circulation.<br /><br />According to the RBI, the number of credit cards also rose sharply from 26.39 million in August 2016 to 32.65 million in August 2017. Banks normally charge an interest of 3.49 per cent per month (41.88 per cent per annum) on card outstandings. This means banks should earn an interest of close to Rs 2,090 crore on the outstanding amount of Rs 59,900 crore. Besides this, banks also charge 18 per cent GST on the amount. Interest rates are high on card outstandings as incidents of defaults are very high in the segment, said a bank official.<br /><br />A recent survey indicated a clear increase in credit card usage among urban Indians over the last 12 months - 57 per cent of credit card holders reported they were using their credit cards more often now than they did a year ago. &quot;Survey respondents reported various reasons for using their credit card. When asked to select all the ways they have used credit cards in the last 12 months, 59 per cent of the survey participants said that they used their credit cards to pay bills; 53 per cent said they used them for large purchases; and 45 per cent used them over other forms of payment to gain discounts and other rewards,&quot; TransUnion Cibil said in the survey.<br /><br />Please <a href="http://indianexpress.com/article/business/business-others/one-year-after-demonetisation-credit-card-use-up-but-balance-due-surges-by-39-per-cent-4916475/" title="http://indianexpress.com/article/business/business-others/one-year-after-demonetisation-credit-card-use-up-but-balance-due-surges-by-39-per-cent-4916475/">click here</a> to read more.&nbsp; <br /></div>               </font>
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-The Indian Express<br />
<br />
<em>In fact, card outstandings have shot up by 77.74 per cent in the last two years, from Rs 33,700 crore in September 2015.<br />
<br />
Mumbai: </em>Nearly A year after demonetisation, credit card usage has seen a sharp rise with outstandings rising 38.7 per cent during the 12 months ended September 2017. The total credit card outstandings - money spent by card holders and not repaid to the card company or bank - surged to Rs 59,900 crore at the end of September 2017, against Rs 43,200 crore in the same period last year, according to data released by the Reserve Bank of India (RBI) on Tuesday.<br />
<br />
In fact, card outstandings have shot up by 77.74 per cent in the last two years, from Rs 33,700 crore in September 2015. The rise in card usage was more pronounced in the last 12 months as the banking system witnessed a shortage of cash during the November-January period of fiscal 2016-17, after the government and RBI withdrew Rs 500 and Rs 1,000 notes from circulation.<br />
<br />
According to the RBI, the number of credit cards also rose sharply from 26.39 million in August 2016 to 32.65 million in August 2017. Banks normally charge an interest of 3.49 per cent per month (41.88 per cent per annum) on card outstandings. This means banks should earn an interest of close to Rs 2,090 crore on the outstanding amount of Rs 59,900 crore. Besides this, banks also charge 18 per cent GST on the amount. Interest rates are high on card outstandings as incidents of defaults are very high in the segment, said a bank official.<br />
<br />
A recent survey indicated a clear increase in credit card usage among urban Indians over the last 12 months - 57 per cent of credit card holders reported they were using their credit cards more often now than they did a year ago. &quot;Survey respondents reported various reasons for using their credit card. When asked to select all the ways they have used credit cards in the last 12 months, 59 per cent of the survey participants said that they used their credit cards to pay bills; 53 per cent said they used them for large purchases; and 45 per cent used them over other forms of payment to gain discounts and other rewards,&quot; TransUnion Cibil said in the survey.<br />
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Please <a href="http://indianexpress.com/article/business/business-others/one-year-after-demonetisation-credit-card-use-up-but-balance-due-surges-by-39-per-cent-4916475/">click here</a> to read more.&nbsp; <br />
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-The Indian Express

In fact, card outstandings have shot up by 77.74 per cent in the last two years, from Rs 33,700 crore in September 2015.

Mumbai: Nearly A year after demonetisation, credit card usage has seen a sharp rise with outstandings...',
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-The Indian Express<br />
<br />
<em>In fact, card outstandings have shot up by 77.74 per cent in the last two years, from Rs 33,700 crore in September 2015.<br />
<br />
Mumbai: </em>Nearly A year after demonetisation, credit card usage has seen a sharp rise with outstandings rising 38.7 per cent during the 12 months ended September 2017. The total credit card outstandings - money spent by card holders and not repaid to the card company or bank - surged to Rs 59,900 crore at the end of September 2017, against Rs 43,200 crore in the same period last year, according to data released by the Reserve Bank of India (RBI) on Tuesday.<br />
<br />
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<br />
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<br />
A recent survey indicated a clear increase in credit card usage among urban Indians over the last 12 months - 57 per cent of credit card holders reported they were using their credit cards more often now than they did a year ago. &quot;Survey respondents reported various reasons for using their credit card. When asked to select all the ways they have used credit cards in the last 12 months, 59 per cent of the survey participants said that they used their credit cards to pay bills; 53 per cent said they used them for large purchases; and 45 per cent used them over other forms of payment to gain discounts and other rewards,&quot; TransUnion Cibil said in the survey.<br />
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-The Indian Express

In fact, card outstandings have shot up by 77.74 per cent in the last two years, from Rs 33,700 crore in September 2015.

Mumbai: Nearly A year after demonetisation, credit card usage has seen a sharp rise with outstandings...'
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One year after demonetisation: Credit card use up but balance due surges by 39 per cent -George Mathew

-The Indian Express In fact, card outstandings have shot up by 77.74 per cent in the last two years, from Rs 33,700 crore in September 2015. Mumbai: Nearly A year after demonetisation, credit card usage has seen a sharp rise with outstandings rising 38.7 per cent during the 12 months ended September 2017. The total credit card outstandings - money spent by card holders and not repaid to the card company or bank - surged to Rs 59,900 crore at the end of September 2017, against Rs 43,200 crore in the same period last year, according to data released by the Reserve Bank of India (RBI) on Tuesday. In fact, card outstandings have shot up by 77.74 per cent in the last two years, from Rs 33,700 crore in September 2015. The rise in card usage was more pronounced in the last 12 months as the banking system witnessed a shortage of cash during the November-January period of fiscal 2016-17, after the government and RBI withdrew Rs 500 and Rs 1,000 notes from circulation. According to the RBI, the number of credit cards also rose sharply from 26.39 million in August 2016 to 32.65 million in August 2017. Banks normally charge an interest of 3.49 per cent per month (41.88 per cent per annum) on card outstandings. This means banks should earn an interest of close to Rs 2,090 crore on the outstanding amount of Rs 59,900 crore. Besides this, banks also charge 18 per cent GST on the amount. Interest rates are high on card outstandings as incidents of defaults are very high in the segment, said a bank official. A recent survey indicated a clear increase in credit card usage among urban Indians over the last 12 months - 57 per cent of credit card holders reported they were using their credit cards more often now than they did a year ago. "Survey respondents reported various reasons for using their credit card. When asked to select all the ways they have used credit cards in the last 12 months, 59 per cent of the survey participants said that they used their credit cards to pay bills; 53 per cent said they used them for large purchases; and 45 per cent used them over other forms of payment to gain discounts and other rewards," TransUnion Cibil said in the survey. Please click here to read more.