Established as a major credit card issuer in India, HDFC Bank initiated its credit card operations in 2001.
The bank’s monthly card spending ranges between Rs 35,000-45,000 crore.
HDFC Bank, a private sector financial institution, has achieved the distinction of being the first bank to surpass two crore credit cards in force (CIF).
“The bank started the credit card business in 2001 with the launch of its first credit card. It reached 1 crore CIF in 2017 and doubled the count to 2 crore in exactly 6 years and 1 month,” the country’s largest private sector bank said in a press release on January 23.
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Namit writes on personal finance, economy and brands. Currently contributing to News18.com as a Senior Sub Editor in the business vertical. Prior to t…Read More