NEWS & ADVICE : CREDIT CARDS
Increase in credit card base
By Ankit Sharma
Apr 4, 2014
Print    Email    RSS   

According to the worldline India Credit card payment report a rise is noticed in the credit card base. The credit card base has grown by 4% in fiscal year 2014. The credit cards have reached up to 20.3 million. Overall card spends grew 17 per cent from Rs 122.9 crore to Rs 144.3 crore with in a year.

Further the report has also stated that for the second continuous year a growth has been seen in the credit cards, although the growth rate is likely to be slow as card industry players focus more on profitability.

Private sector banks have topped the list with issuing maximum number of credit cards. More the half of the credit cards are issued by the private sector banks. HDFC is at the top, which has issued 5.1 million credit cards so far. After that ICICI bank is there with 3.1 million cards and SBI ranked at third position with 2.8 million cards. The average number of credit card transactions per card per year was around 25, while the average spends were Rs 2,900.


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

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Privileged banking: make the customer feel...
Free insurance policies with credit cards
Live in Style - Lifestyle credit cards
Be familiar with your Cash-Back Credit Card
Understand Your Credit Card Statement


HOW CAN I NO MY CIF NUMBER
credit card no.4511 5020 3099 2001 get the bill...
Milankumarsingh s/ raj baby Singh lilawan badaun...
what is my credit card statement
i forgot my ATM pin number i could i get it again
how to improve my CIBIL score???

NEWS THIS WEEK
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