Question
In January 2023, which bank led the banking system in
fresh credit card issuances ahead of market leader HDFC Bank?Solution
In January, State Bank of India (SBI) took the lead in fresh credit card issuances within the banking system, surpassing even the market leader HDFC Bank. During the month, SBI issued 330,000 new credit cards, contributing to a total of 16.2 million outstanding credit cards. This indicates SBI's efforts in expanding its credit card offerings and attracting new customers in the credit card segment.
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