9 FINANCEOUTLOOKINDIASEPTEMBER, 2026CREDIT CARD SPENDS CROSS RS 2 TRILLION FOR 3RD STRAIGHT MONTHEQUITY FUNDRAISING SURGES 163% IN JULY TO RS 1.1 LAKH CRFINANCIAL RESOURCE FLOW TO INDIA'S COMMERCIAL SECTOR JUMPS 138%INDIAN EQUITIES RISE AS SENSEX GAINS 287 POINTS & NIFTY 116 POINTSThe financial resources flow to India's commercial sector grew 138% year-on-year to Rs 10.65 lakh crore in the first four months of 2026-27, with a significant boost in non-food bank credit being the primary contributor, the Reserve Bank of India's (RBI) State of the economy report in August 2026 showed.During the same period in 2025-26, the total flow was Rs 4.48 lakh crore. The non-food bank credit in-creased by Rs 6.69 lakh crore over the same period a year ago, which was Rs 73,000 crore, marking it as about nine times higher. Non-bank sources' funds rose from Rs 3.76 lakh crore to Rs 3.96 lakh crore. Indian equities ended higher on Tuesday, with the Sensex rising 287 points to close at 77,656 and the Nifty gaining 116 points to settle at 24,335. The market wrapped up The latest data released by the Reserve Bank of India (RBI) indicates that credit card spends crossed Rs 2 trillion for the third consecutive month in July, with the average spend on a credit card amounting to around Rs 2 trillion per month in 2026, as compared to Rs 1.93 trillion in 2025.The credit card spends totaled Rs 2.08 trillion in July, as compared to Rs 1.93 trillion and Rs 2.01 trillion in July 2025 and 2026, respectively. In March 2026, spending stood at the highest ever level of Rs 2.18 trillion. Average monthly card spends stood at Rs 1.93 trillion during January-December 2025, rising to around Rs 2 trillion during the January-July period of 2026. Equity fundraising activity gained significant momen-tum in July, with overall eq-uity fundraising increasing 163% month-on-month to Rs 1.1 lakh crore, up from around Rs 43,000 crore in June, according to the NSE Market Pulse report for August.The sharp rise was led by a recovery in IPO mobilisation alongside a surge in further issu-ances. Nineteen companies were listed during July, raising around Rs 18,600 crore, with mainboard listings accounting for the bulk of the proceeds. more conveniently. However, this growth is coming at a significant cost - a rising risk of fraud. Online frauds are no longer simply a matter of reducing the number of fraud cases; they have evolved into an organised network threatening the entire online payment ecosystem.Global data and technology company Experian on Wednes-day launched its latest fraud insights report, "The New Fron-tier: Emerging Trends in Fraud Prevention." The report finds that while the number of fraud cases has reduced noticeably in recent years, the value associ-ated with scams has increased sharply. its first monthly series under the Closing Auction Session (CAS) on a positive note, with the Nifty gaining 1.5% during the August series.The Nifty ended above the 24,300 mark after a last-hour surge helped the index recover more than 200 points from the day's lows, closing at a two-week high. ICICI Bank, Reliance Industries and L&T were among the top contributors to the day's gains.
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