TNPSC Thervupettagam

Card Market in India

September 6 , 2022 812 days 784 0
  • 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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