Despite lockdown, SBI Card reports daily spends at over Rs 175 cr in May

Top online categories were departmental stores and groceries (D&G), utilities and services, while top point of sale categories were D&G, fuel, electronics, health and wellness

SBI Cards and Payments Services has said that customers continued using their credit cards during the coronavirus lockdown and due to the unique nature of business the average daily spends were in upwards of Rs 175 crore during May.

The company which is promoted by the country's largest lender State Bank of India (SBI) and goes by the brand name SBI Card said it has been focusing on business continuity since the first lockdown (late March) was announced, and has been continuously scaling up business operations since then.

SBI Card has undertaken a detailed scenario analysis of the unprecedented economic