IndusInd Financial institution has essentially the most valued credit score cardholders in India as in comparison with HDFC, SBI, Citi banks


  • Bank card utilization in India has surpassed debit card utilization, which has crossed ₹1 lakh crore monthly.
  • On a mean, bank card customers spend ₹14,500 monthly.
  • Nonetheless, what defines the standard of a bank card firm’s cardholders? And which firm has essentially the most beneficial cardholders? we discover out.

If you consider bank cards, the primary names that come to your thoughts are HDFC Financial institution, State Financial institution of India, Citi, Axis Financial institution, ICICI Financial institution and possibly Kotak Mahindra Financial institution. However do you know that none of those bank card issuers have essentially the most beneficial credit score cardholders?

In actual fact, none of them rank within the prime 5 in terms of two vital metrics — essentially the most beneficial buyer when it comes to each price per transaction and price per cardholder.

In response to the information launched by reserve Financial institution of IndiaCiti India, usually thought to be essentially the most beneficial credit score cardholder in India, ranks eighth on the record.

The stunning topper in each the lists is IndusInd Financial institution, which processed bank card transactions value round ₹5,700 crore within the month of March 2022. Though that is decrease than market leaders equivalent to HDFC Financial institution and State Financial institution of India, it exhibits that the standard of credit score cardholders indusind financial institution comparatively higher.

Credit score Card Worth Per TransactionRBI / Enterprise Insider India / Flourish


The worth per cardholder metric can be vital, because it exhibits how a lot every cardholder was value in March 2022.

Most valuable credit cardholders are not from HDFC, SBI, Citi or other major credit card companies
Credit score Card Worth Per CardRBI / Enterprise Insider India / Flourish

Nonetheless, in terms of total market share, HDFC Financial institution continues to dominate with 22%. Three out of each 4 bank cards come from these prime 5 bank card issuers in India.

Most valuable credit cardholders are not from HDFC, SBI, Citi or other major credit card companies
bank card market shareRBI / Enterprise Insider India / Flourish

When it comes to transaction complete worth, nevertheless, HDFC Financial institution garnered 27% market share – ₹1 every of ₹4 bank card spend was finished utilizing an HDFC Financial institution bank card.

IndusInd Financial institution additionally seems on this record – although it’s at fifth place with a share of solely 5%.

Most valuable credit cardholders are not from HDFC, SBI, Citi or other major credit card companies
bank card spends market shareRBI / Enterprise Insider India / Flourish

On a mean, Indian bank card customers spend ₹14,500 monthly, of which a significant chunk is spent on on-line transactions.

See all:

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