Credit card additions hit second-highest monthly level in 2026
In short
HDFC Bank and Axis Bank added 539,878 credit cards in September. Together they made up nearly 43% of all net additions, and SBI Cards followed them.
This matters for banks because more cards can mean more customers and spending before the festive season. The report does not give the full monthly total or explain why additions rose.
What the reporting says
HDFC Bank and Axis Bank together added 539,878 credit cards in September, accounting for nearly 43% of net additions, according to the summary. The two private-sector lenders were the biggest contributors to fresh card growth, followed by SBI Cards. The reporting does not state the total number of cards added in the month or the reason for the surge.
Why it matters
HDFC Bank and Axis Bank together added 539,878 credit cards in September and accounted for nearly 43% of net additions, making them the largest contributors to new card issuance, with SBI Cards next. The reporting points to a strong monthly pickup ahead of the festive season but does not provide the total card count or the cause of the increase, leaving the durability of demand unclear.