You are here: Home » Finance » News » Banks

PNB Housing to SAT: Sebi can't compel us as AoA is just a contract

Liquidity in the banking system rises as govt steps up spending

Business Standard

HDFC Bank's loss is ICICI Bank's gain on credit cards: Check details here

Between December and May, HDFC Bank's credit card kitty saw a drop of 528,447 cards while that of ICICI Bank increased 1.16 million, the highest by any lender during the period

Topics
HDFC Bank | ICICI Bank  | Credit cards

Subrata Panda  |  Mumbai 


The credit card market saw a big shift in the past few months after the Reserve Bank of India (RBI) in December barred the country’s largest credit card issuer, HDFC Bank, from allotting new cards. Between December and May, HDFC Bank’s credit card kitty saw a drop of 528,447 cards while that of ICICI Bank increased 1.16 million, the highest by any lender during the period.

While SBI Cards registered an increase of 661,950 cards, Axis Bank issued 243,527 more cards, the latest data shared by the RBI revealed. ICICI Bank’s co-branded credit card with e-commerce ...

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.


We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, July 13 2021. 00:30 IST

.