Commercial banks issued around 17 million cards during the first five months of the current financial year as compared to 13 million issued during the comparable period of last year.
Debit card issuances slowed down during the last seven months of the previous financial year, which saw addition of only six million cards as banks cleaned up their card portfolios by weeding out inactive plastic.
According to Worldline's digital payments report, the total number of credit and debit cards in circulation by the end of Q2 of CY22 (June-end) was one billion.
Diese Geschichte stammt aus der October 06, 2022-Ausgabe von Business Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der October 06, 2022-Ausgabe von Business Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Brokerages bullish on ICICI Bank stock after Q4 results
Bank's market cap zoomed past 8 trillion mark and settled at ₹8.14 trillion
Choose Aadhaar-based KYC: Once done, you may invest across fund houses
Keep Aadhaar, registered mobile number and scanned documents handy before starting online procedure
Sebi probing Linde India for RPT violation
The Securities and Exchange Board of India (Sebi) on Monday directed Linde India to comply with the norms of materiality thresholds for future related party transactions (RPTS) based on the aggregate value of transactions, amid an ongoing investigation by the regulator.
Hopes of universal bank tag lift AU SFB
Shares of AU Small Finance Bank (SFB) rallied more than 6 per cent on Monday after analysts said the lender meets all eligibility criteria laid down by the Reserve Bank of India (RBI) for obtaining a universal banking licence.
Silver ETF AUM tops ₹5,000 cr
Last month, Gold ETF AUM had topped ₹30,000 crore
Street disappointed with SBI Card's Q4 performance
SBI Cards & Payment Services reported mixed results for the January-March quarter (Q4) of FY24.
Fee outgo: BSE mcap plunges by ₹6,000 cr
Analysts see price hike in options segment to offset costs
Backed by banking stocks, benchmarks gain 1%
The Sensex and the Nifty 50 on Monday gained over 1 per cent each, driven by sharp increases in banking stocks following better-thanexpected quarterly profits from index heavyweight ICICI Bank.
Tone and substance
Subtle shifts in the texture of Sino-US ties
India's West Asia security dynamics
Despite its stakes in the region, its policy doesn't aim for long-term regional stability