Country’s largest investor, banking concern of Asian nation continues to dominate the debit cards market in Oct 2022, with a twenty ninth share. Country’s largest investor, banking concern of Asian nation continues to dominate the debit cards market in Oct 2022, with a twenty ninth share. Compared to last month the share was slightly less, wherever SBI crystal rectifier the open-end credit market by thirty per cent in Sept.
According to the most recent knowledge collated by PGA labs, SBI maintained high the highest position within the debit cards market whereas HDFC bank maintained its top position within the credit cards market. whereas PSU banks hold the lion’s share within the debit cards market, Kotak Mahindra Bank and Axis Bank witnessed the very best YoY growth within the credit cards section with seventieth and thirty seventh, severally.
The momentum of the mastercard business has remained robust in 2022, in terms of card issue and spends, in step with banking concern of Asian nation (RBI) knowledge. HDFC Bank remains the dominant force with a market share of 22. 97%, followed by SBI at 19. 09% and ICICI Bank at 17.92%.
