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Card Market in India
September 6 , 2022
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- State Bank of India (SBI), the largest bank in the nation, maintained its leadership position in the debit card market as of June 2022.
- Bank of Baroda came in second, followed by Bank of India, Canara Bank Union Bank, and Punjab National Bank.
- HDFC Bank in the credit card market leads the list.
- It is followed by State Bank of India, ICICI Bank, Axis Bank, RBL Bank, and Kotak Mahindra Bank.
- State Bank of India and HDFC Bank has the record breaking in terms of Credit Card Spending.
- According to data compiled by PGA Labs, public sector banks hold a larger percentage of the debit card market than private banks.
- Whereas it is reverse in the Credit card market.
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