HDFC 1st to reach 2cr Credit Cards.
Fastmover advantage was with SBI and ICICI. 29% market share of spend 21% CC volume share. Do u have 1 HDFC card in wallet? I don't have one, but own 7 CCs.
India Business News: MUMBAI: HDFC has become the first bank to achieve a milestone of two crore credit cards in force, the company said in a...
https://timesofindia.indiatimes.com/business/india-business/hdfc-becomes-1st-bank-to-hit-2-crore-credit-cards-milestone/articleshow/107093159.cms
BiryaniEnthu
Stealth
8 months ago
My first was HDFC
HDFC has very ruthless targets for credit cards. Worked closely with the RMs
Their RM's are the scum of the Earth. Especially Imperia. Branch Heads, and above are no less.
But I also feel bad how they end up making their own relatives, friends buy insurance, open savings accounts, just so their asses are covered.
EarthDragon
Stealth
8 months ago
Oh Sed. I thought slice and other fintech bros would have gotten it first ;-))
I feel their product quality has been deteriorating over the past 18 months, will have to see if there's any slowdown down the line
majboormajdoor
Stealth
8 months ago
First mover advantage.
They were aggressive in corporate banking opening salary accounts since last 10-14y. Easy to lend CC to salaried class. Made a huge brand which kept their momentum going.
SBI fucked it up despite having largest base of Govt employees as salary acct. But the SBI cards moves in last 6y have been a great unexpected comeback.
majboormajdoor
Stealth
8 months ago
Biggest fuckup is Amex India. I feel as if they are just loitering away without any focus. Won't be surprised if they exit India.
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