InvestorQ : Is it true that HDFC Bank is planning an aggressive effort to recoup market share in credit cards?
Mitali Bhutta made post

Is it true that HDFC Bank is planning an aggressive effort to recoup market share in credit cards?

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4 months ago
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With RBI lifting credit card issue ban on HDFC Bank, India’s largest private bank is planning to go aggressively to make up for lost time. The bank plans to issue 300,000 a month till Jan-22 and then scale up to 500,000 cards from Feb-22. HDFC credit card base had fallen from 15.38 million to 14.82 million and it wants to make it up in next 3 quarters. However, despite market share of cards dropping 200 bps to 23.6%, wallet share remained constant.

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