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

China and Russia commenced a three-day joint naval exercise “Joint Sea-2025” in the Sea of Japan to strengthen maritime cooperation.
Read More....
Joe Root became the first batter to cross 6000 runs in ICC World Test Championship history.
Read More....
Lando Norris won the 2025 Hungarian Grand Prix after a close final-lap battle with Oscar Piastri.
Read More....
Government approved PM MITRA Parks in 7 states to boost textiles and generate 20 lakh jobs with ₹4,445 crore investment.
Read More....
Former Jharkhand CM and JMM founder Shibu Soren passed away at age 81 in New Delhi.
Read More....
India’s first-ever FIFA Talent Academy for girls was inaugurated in Hyderabad under FIFA-AIFF-Telangana partnership.
Read More....
India Post Payments Bank launched Aadhaar-based face authentication to enable secure and convenient digital banking.
Read More....
River Kopili (NW-57) was made operational with the first 300-tonne cement cargo dispatched in Assam.
Read More....
Dr. Mayank Sharma took charge as Financial Advisor (Defence Services) on August 1, 2025.
Read More....
‘Matri Van’ urban forest project launched on 750 acres in Aravalli hills under ‘Ek Ped Maa Ke Naam’ initiative.
Read More....