India is found 11 crore credit cards; HDFC, SBI, ICICI brings expansion race

In January, the Indian Banks are aggressively is aggressions of the credit card, concernly 90% of all new issues, according to the reserve data (RBI). HDFC Bank, SBI cards, and ICICI contributing to an year of year’s year in the total number of credit cards in India, now they will report.

The industry has added 8.2 Lakh new credit cards from 3 lakh cards, follow from SBI cards (2.4 Lakh) and ICICI Bank (1.8 Lakh).

In spite of teaching in the issuing card from major banks, smaller institutions left and virtuous only 1 lakh new credit cards. This caution is awarded to laughter of the delinquencies and regulation of RBI’s RBI.

Kotak Mahindra Bank has claimed a reduction potential in risks associated with credit cards, anticipating a recovery more in Friday neighborhoods.

2023, in response to increased renamenter for increased consumer, the implemented rbi measurement of macro-prancies. While facilities on NBFC loans and microfinance, the Bank C central maintained the highest risk weight on unsecured loans.

RBI data also revealed a 2,1% credit card in the day of 2025, with total expendents of 1124. When he was of the 1122. This instead of a bank board.

Between Bank HdfC Bank has seen a 4.7% of waste in credit card, while Axis Bank recorded a 6.6% drop. The Bank of Industin experienced a 4.5% FALL.

Meanwhile, a Trade Trade Report Overall Credit costs in the credit card segment are predicted by tip in the next to two quarters. “Performance of new cohorts is satisfactory and we are waiting for credit costs in 1-2 trimesters,” the report reported, indicating a credit cost

The banks have already made the corrective measures after the regulator decision to increase risky weights on non-secured business stability and improving financial stability. “The banks took a few fourths ago, when the regulator has increased risk weights,” the report continued, undercover the proactive position of potential risks.