a) There are 5 cr credit cards issued by banks in India.
b) Credit Card penetration is 3.4% means 3 people out of 100 have a CC
c) Credit Card spends are 3% of GDP.
d) HDFC Bank SBI Cards ICICI Bank Axis Bank & Citi are top 5 players in the above order
e) HDFC share of no of cards is 26% followed by SBI at 18% ICICI at 15% Axis at 13% & Citi at 5%
f) Top 4 players account for 76% of total card outstanding
g) Citi has the highest avg spend per card per year at 200K followed by HDFC & SBI at 145K ICICI at 117K Axis at 121K
h) Axis Bank has highest POS terminals CV at 507K HDFC has 490K ICICI has 391K
i) Outstanding per card is highest for HDFC at 36K SBI at 22K ICICI 18K Axis 21K
j) SBI has 18 co branded cards ICICI has 12 RBL and HDFC has 6 co branded cards.
k) SBI has a NPA ratio of 2.3% which is a good ratio in cards business