West Asia conflict fears could harden credit card underwriting, curb co-branded card growth

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Indian banks are tightening credit card rules due to global economic worries and the West Asia war. Fintech firms expect stricter underwriting for credit cards. This follows a slowdown in credit card originations and spending limits. The impact of the oil crisis will be felt across credit operations in the coming months. Lenders are becoming more cautious about unsecured loans.