Credit card transactions are seeing a rise amongst customer segments again since February.

Data released by Reserve Bank of India says credit card transactions have increased to Rs 7880 crore in May 2011 as compared to Rs 6212 crore in February.

"Banks typically deactivate cards that are inactive for some time. Also, banks are not very aggressive to offer credit cards to all and sundry. Banks mostly prefer to offer credit card service to existing customers only," quoted a senior official of a public sector bank.

Private sector lender IndusInd Bank which started its credit card business only last month, is planning to cash on it.

"We believe the credit card industry is ready now after 3-4 years of bloodbath and washout. It is at the take-off stage again. We are at the beginning of the revival of credit card business," said Romesh Sobti, CEO and managing director of the bank.