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Lifting of credit card ban may spark up to 32% rally in HDFC Bank: Analysts

The scrip surged 3 per cent at Rs 1,564.75 on the BSE in intra-day trade on Wednesday and was among the top gainers on the BSE barometer

Topics
HDFC | Credit Card | HDFC shares

Nikita Vashisht  |  New Delhi 



HDFC bank
The ban on card issuance hit HDFC Bank hard as its card base fell from 15.38 million in December to 14.82 million in June

The Reserve Bank of India’s (RBI’s) nod to lift ban on issue of new credit cards may trigger an up to 32 per cent rally in the lender’s stock, believe analysts, as the lift has come ahead of festive season, presenting an opportunity to capture market share.

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First Published: Wed, August 18 2021. 11:28 IST

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