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Article: GE Money's Credit Card Joint Venture with State Bank of India Reaches 2 Million Card Customer Milestone.
- Article from:
- Business Wire
- Article date:
- January 4, 2006
CopyrightCOPYRIGHT 2006 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BANGKOK, Thailand -- GE Money announced today that its joint venture in India with State Bank of India - SBI Card - has reached the two million card customer milestone, making it a leading player in the highly competitive and fast-growing consumer finance market.
GE Money's partnership with State Bank of India (SBI), which began in 1998, has experienced double-digit growth by combining SBI's market presence and strength as a trusted brand with GE Money's global expertise in technology, business processes, and international leadership in innovative financial products and services.
The size of the Indian credit cards market is estimated to be about $4 ...