ICICI to be Back on Lead in the Credit Card Market with 500,000 New Cards in FY14
By Ankit Sharma
Sep 20, 2013
Print    Email    RSS   

The credit card issue rates from ICICI are about to shoot up in the FY14 by a sizzling 500,000 count. This would topple the position of HDFC as the leading credit card issuer. The current stats stand at 5.94 million for HDFC at the moment of the whole 19.15 Million base of the nation. This however, is a reduced amount in comparison to last year for HDFC. There has been a sharp increase already from 2.85 Million to 2.95 Million for ICICI just within a month’s time as of the end of June this year. We may remember the lead was lost by ICICI due to its shrinking of cards offered back in 2009. This is attributed to the high delinquency rates that the bank faced then. A spokesperson for ICICI has informed that the delinquency rate have been reduced by a huge leap in the current financial year and hence the decision to launch these new cards to the existing customer base.

(Comments Posted : 0) Post Your Comments
Show All Comments
 Select a product:

 Select a product:

Now a test for Financial Skills!!!
Travel Credit Cards in India: A Comparison
Effect of employment on loan eligibility...
A chronicle of excesses by loan recovery...
Health rewards credit cards in India: A...

Good Morning, i forgot my FCMB Account Number and...
Radhey@09646870399 @Escoℛts In#Chandigarh...
Radhey@09646870399 @Escoℛt In#Chandigarh...

91st Founders day of the Karnataka Bank Feb 18, 2015
Banks on strike from 25th February Feb 16, 2015
SBT bank postponed the Open House meet Feb 13, 2015
Yes bank planning to line up for credit card portfolio Feb 12, 2015
Pocket banking – new app by ICICI bank Feb 11, 2015
News Archive