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India : ICICI bank added 0.3 million credit card customer in FY14

July 16, 2014

In the FY14, ICICI bank has added 0.3 million credit card customer. The bank has exceeded its rival banks in raising credit card base. Millions of the user has been added by the ICICI bank more than the other financial institution.

A sharp decrease of 1.39 million users is seen in the HDFC bank s users- the leading bank in the list of Credit card issuers.

Following the ICICI bank the SBI and Citi bank have raised their credit card user base by 0.26 million and 0.05 million, respectively.

At present, ICICI bank is at the second position in the list of credit cards issuer in India with 3.21 million credit cards. Yet, the bank proceeds to sustain its position that it remains cautious while offering unsecured credit.

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Source: TendersInfo (India)

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