Credit Card: Bank has shrunk your credit card limit. These can be the reasons

As stated by SEBI, banks hold the right to analyse the credit limits of customers based on their spending and repayment data and further offer to increase or decrease the credit limit, depending on the case.

A customer with a credit limit of Rs 1 lakh spends about 30-40% of it and is considered to be a prudent and responsible user.

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