The Reserve Bank of India (RBI) has clarified that overdue reporting and asset classification for corporate credit cards issued under a joint liability structure will pertain solely to the corporate entity. This decision aims to standardize reporting practices, as previously, banks had inconsistent reporting methods. The RBI specified that late payment charges will only apply to the outstanding amount after the due date, not the total due amount. Additionally, the RBI raised risk weights for unsecured loans, including credit cards, from 125% to 150% in November 2023 due to increasing delinquencies. This has led to a cautious approach in the industry, contributing to a slowdown in credit card issuances, which grew by only 8% YoY in March 2025, down from 19% YoY a year earlier. Despite this, credit card spending surged to ₹2.19 trillion in March 2025, driven by year-end financial transactions, with total spending for FY26 reaching ₹23.62 trillion, an 11.98% increase from the previous year.