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Article: SBI Cards becomes second largest credit card company.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- August 31, 2006
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SBI Cards becomes second largest credit card company
New Delhi, Aug 31 (PTI) SBI Cards has quietly zoomed past Citibank to become the second largest credit card company in the country by issuing 2.92 million cards as on August 15.
"SBI Cards has become the second largest card company by July-end and the total number of credit cards issued stands at 2.92 million as on August 15, 2006," SBI Cards CEO Roopam Asthana told PTI.
Asthana said on an average SBI Cards, a joint venture between State Bank of India and GE Money - issues 1.3 lakh credit cards every month.
Growing by 60-70 per cent year-on-year, SBI Cards is expected to give a tough ...