Amex, HSBC lead foreign banks in net credit card addition in FY25

The two banks added close to 325,000 new credit cards, with the overall banking industry adding 8 million credit cards in FY25

HSBC and American Express led foreign banks in net credit card additions in FY25, with HSBC adding 216,997 cards and American Express adding 107,086 cards during the period, Reserve Bank of India (RBI) data shows. During this period, the banking industry added over 8 million credit cards. Standard Chartered Bank’s outstanding credit cards at the end of FY25 declined by 158,322 cards. In FY24, American Express’s net credit card additions stood at 11,450 cards while HSBC’s outstanding credit cards declined by 38,693 cards during this period. In prior years, American Express witnessed decline in its outstanding credit cards.