SBI sees major growth in credit card business as HDFC Bank holds the top spot
SBI's credit card business experienced a significant post-Covid surge, driven by its youth-focused expansion. HDFC Bank maintained its dominant position in both card issuance and transaction value. Conversely, Standard Chartered Bank faced a sharp...
By ET Bureau |
Agencies
In contrast, Standard Chartered Bank has experienced a sharp decline on both fronts—value and volume
State Bank of India (SBI) has seen a significant surge in its credit card business post-Covid reflecting its aggressive expansion to tap the youth. HDFC Bank continues to maintain its leadership position, both in terms of the number of cards issued and the value of transactions. In contrast, Standard Chartered Bank has experienced a sharp decline on both fronts—value and volume.
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