HDFC Bank leads as the number of credit cards
According to November 2023 data from the Reserve Bank of India, HDFC Bank’s credit cards circulation reached nearly 19.51 million, compared to 19.18 million in October 2023.
“This accomplishment demonstrates the longstanding collaboration between our bank and the communities we serve. Each credit cards issued symbolizes our dedication and collective pursuit of financial empowerment, and we are committed to upholding this tradition of exceptional banking services,” stated Parag Rao, HDFC Bank’s group head for payments business.
The next 10 million issuances came in a little over six years. The milestone was achieved on 16 January, the company said,
“We have become the first and the only lender in the country to achieve this feat,” the company release said.
HDFC Bank is the largest issuer of card issuers in the country, which commands over a fourth of the overall card market in terms of numbers.
