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SBI Cards' challenges to regain market share remain
Financial Express Kochi
|August 04, 2025
The Numbers Game
The first four months of Salila Pande, new managing director and CEO of SBI Cards and Payments Services, have been fraught with challenges, as the country's only listed pure-play card issuer finds itself relegated to the third place in terms of market share.
While HDFC Bank is sitting pretty at the top at over 27% of market share in credit card spends, SBI Cards and ICICI Bank have been involved in a slugfest for almost three years. While the former barely managed to hold on to its position in FY23 and FY24, the previous fiscal was a turning point, when ICICI Bank cornered an 18.9% of market share and SBI Cards fell to 15.7%.
Cette histoire est tirée de l'édition August 04, 2025 de Financial Express Kochi.
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