Saturday, September 18, 2021
HomeBusinessHDFC Bank to Release New Cards, ICICI, SBI and Axis Bank Advantages

HDFC Bank to Release New Cards, ICICI, SBI and Axis Bank Advantages

Advertisements
Advertisements

After a complaint of a technical glitch on HDFC Bank’s online platform, the RBI banned it from issuing new credit cards. ICICI Bank, SBI Card and Axis are getting the benefit of this.

HDFC Bank to Release New Cards

ICICI Bank is at the forefront of taking advantage of this situation. ICICI Bank spent ten per cent more on the new credit card in January 2021 than in December. There may be an increase of three per cent in newly issued cards from ICICI. At the same time, its share in the entire credit card market increased by 1.5 per cent.

ICICI Bank had issued one crore cards till January. Analysts say that ICICI Bank would have benefited the most from the ban on issuing cards on HDFC. It is the card segment itself, which is growing the most. Because the pace of mortgage base loan has decreased. SBI card has also increased by one basis point.

Advertisements

SBI and Axis Bank also benefit

The card issued by Axis Bank has also increased. Its card base has increased to 69 lakhs. At the same time, an increase has also been registered in SBI card. In December, the number of cards issued by it was 1.14 crore, but this number increased to 1.16 crore in January.

Axis has got the benefit of this. HDFC Bank’s share in the payment market is 35 to 40 per cent. Credit cards account for 25 per cent of this. At the time of pre-Kovid, Axis HDFC Bank used to issue two lakh credit cards every month. After repeated problems in HDFC Bank’s online payment service, the RBI stopped giving new cards.

Advertisements
Ashish Kumar Mishrahttps://www.spotnews18.com/
Ashish Kumar Mishra is the Founder and CEO at Spot News 18. He created Spot News 18 on 30 June 2019. His intention to make these News Websites was only to provide correct and official news to his readers. Now, he is working on Spot News 18 to expand his website reach to all parts of the world.

Related News

LATEST NEWS

Web Series on Nirav Modi – The Rise and Fall Of a Fugitive Businessman

Web Series on Nirav Modi: A babe series is made on the fugitive diamond trader Nirav Modi. In this, the story of Nirav from...

Indian Navy Recruitment 2021: Become an SSC officer Without Exam

Indian Navy Recruitment 2021: The Indian Navy has issued a notification to fill the vacant posts for Short Service Commission (SSC) officers. Interested male...

Nia Sharma Net Worth 2021 and Charges These Much For an Ad

Nia Sharma Net Worth 2021: Nia Sharma is a very famous face on the small screen. Nia is one of those small screen actresses...

Treasure Found In Google Maps, Gold Shining Amidst the Dense Forest

Treasure Found In Google Maps: The stories of Treasure Hunters are shared quite often in the world. Sometimes treasures are found after years of...

Nora Fatehi Was Uncomfortable Wearing Bold Clothes

Nora Fatehi Uncomfortable in Bold Dress: Nora Fatehi Is An Actress As A Great Dancer, Who Always Creates Panic With Her Hot Moves. But...

STAY CONNECTED

1FansLike
0FollowersFollow
144FollowersFollow
92FollowersFollow