Question
According to the latest data released by the Reserve
Bank of India (RBI), credit card spending hit Rs 1.4 trillion in May for the first time.Which bank has the maximum number of cards in circulation?Solution
According to the latest data released by the Reserve Bank of India (RBI), credit card spend hits Rs 1.4 trillion in May for the first time. The total number of credit cards in force also increased to 87.4 million in May, again an all-time high, from 86.5 million in April.HDFC Bank, has the maximum number of cards in circulation, with 18.12 million in May and a 28.5 per cent market share in spends. HDFC Bank is followed by SBI Card, with 17.13 million cards in force, and ICICI Bank (14.67 million). Axis Bank, the fourth-largest, after the Citi acquisition with 12.46 million cards.
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