October queries on card users grows on year: Transunion Cibil

Banks’ requests for information on credit card borrowers or ‘credit card inquiries’ in October surpassed the year-earlier level, a credit information company said on Monday.

This suggests consumer economic activity has materially improved since the easing of COVID-19 lockdown measures, Transunion Cibil said.

Festival purchases, coupled with pent-up demand, had resulted in improvement in many economic indicators in October. However, many observers are skeptical of demand enduring.

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Printable version | Jan 18, 2021 4:39:25 PM |

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