MUMBAI: HDFC has turn into the primary financial institution to attain a milestone of two crore bank cards in drive, the corporate stated in a press release. In line with RBI information, with 9.6 crore playing cards issued by banks general, the non-public lender holds a market share of about 21%. The financial institution stated it has a 28.6% share of spends as of March 31, 2023.
HDFC Financial institution was the final among the many main banks to launch bank cards.Whereas SBI launched its card enterprise in 1997, ICICI Financial institution adopted in 2000, and HDFC Financial institution launched its card enterprise in 2001. The financial institution started by focusing largely on its present shopper base, constructed a big service provider acquisition enterprise and persistently grew its portfolio even when different banks slowed down within the wake of the worldwide monetary disaster.
Citibank dominated the bank card enterprise in India within the ’90s. Overseas banks misplaced market share as non-public banks picked distribution nationwide.
HDFC Financial institution was the final among the many main banks to launch bank cards.Whereas SBI launched its card enterprise in 1997, ICICI Financial institution adopted in 2000, and HDFC Financial institution launched its card enterprise in 2001. The financial institution started by focusing largely on its present shopper base, constructed a big service provider acquisition enterprise and persistently grew its portfolio even when different banks slowed down within the wake of the worldwide monetary disaster.
Citibank dominated the bank card enterprise in India within the ’90s. Overseas banks misplaced market share as non-public banks picked distribution nationwide.
