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HDFC Bank’s Credit Card Loss Is ____ Gain?
As HDFC Bank is forced to take a time out from the credit card market, its closest competitor may be benefiting the most.
22 Apr 2021, 02:25 PM IST
HDFC Bank Ltd, which has the largest credit card base in the country, was stopped by the Reserve Bank of India from issuing new cards starting December due to a series of digital banking outages. Since then, HDFC Bank’s loss has been someone else’s gain. And that someone, according to early data, may be HDFC Bank’s long time competitor and the country’s second-largest private lender — ICICI Bank Ltd.A BloombergQuint analysis of month...
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