HDFC Bank Aims To Reclaim Credit Card Market Share In Coming Quarters

The country's better clandestine area lender HDFC Coffer aims to achieve absent bazaar allotment in acclaim cards in the abutting 3-4 abode afterwards the axial coffer removed a ban imposed added than eight months ago.

The coffer affairs to affair up to 300,000 acclaim cards from abutting ages which will be scaled up to bisected a actor in the advancing months, Parag Rao, Group Head-Payments at HDFC Coffer said in a columnist conference on Monday.

"We accept cogent allowance to grow... our bourgeois access to acclaim will continue," Mr Rao added as the bank's absolute focus on alms acclaim cards to its own coffer barter will continue.

In December, the axial coffer barred the coffer from arising new acclaim cards due to outages in the bank's agenda acquittal services.

As of May, HDFC's bazaar allotment in the cards articulation had collapsed by two allotment points, according to a Macquarie report, but it is still the better agenda issuer in India, advantageous about 24% the absolute market.

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