SBI Card surpasses milestone of 20 million credit cards in circulation

SBI Card surpasses milestone of 20 million credit cards in circulation

Daily Current Affairs / SBI Card surpasses milestone of 20 million credit cards in circulation

Change Language English Hindi

Category : Business and economics Published on: December 10 2024

Share on facebook

SBI Cards announced in December 2024 that the number of its credit cards in circulation has crossed 20 million.
SBI Card has achieved the milestone of 20 million credit cards since it started its credit card business in 1998.
SBI Card has seen a robust growth of around 25 percent CAGR in applicable cards and 26 percent CAGR in spending between FY19 and FY24.
SBI Card is the second-largest card issuer in the country after HDFC Bank. Earlier in January 2024, HDFC Bank had achieved the milestone of issuing 20 million cards.
According to the latest data released by the Reserve Bank of India (RBI) for October, SBI Card had a circulation of around 19.8 million cards compared to 19.58 million cards in September 2024.

Recent Post's

Donald Trump was sworn in as the 47th President of the United States, with J.D. Vance taking the oath as Vice President.
Read More....
IPS Gyanendra Pratap Singh has been appointed as the new Director General of the Central Reserve Police Force (CRPF).
Read More....
India ranks 7th in global coffee production, with exports reaching $1.29 billion in 2023-24.
Read More....
The Union Cabinet approved the construction of a third launch pad at ISRO's Satish Dhawan Space Centre in Sriharikota, with an investment of ₹3,985 crore.
Read More....
Karnataka wins the Vijay Hazare Trophy for a record 5th time.
Read More....
Indian Naval Ship Mumbai participates in the multinational La Perouse exercise.
Read More....
Jeff Bezos’ Blue Origin successfully launches the massive New Glenn rocket on its first test flight.
Read More....
Andaman & Nicobar's Virgin Coconut Oil receives the Geographical Indication (GI) tag.
Read More....
Hyderabad's historic buildings along the Musi River included in the World Monuments Watch List for 2025.
Read More....
Government partially lifts sugar export ban, allowing the export of one million tonnes for the 2024-25 season.
Read More....