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SBI Card to Launch 4 New Products This Year
July 12, 2018
India’s second largest card issuer SBI Card said that it will launch minimum 4 new products in the near future one of which will be a co-branded card. It also aims to lower the delinquency ratio from the current 19%. It has roughly 74% market share in the credit card business as of now.
SBI Card Managing Director Hardayal Prasad said that the company is issuing 2 lakh new cards every month, a feat that’s likely to continue for months.
Photo credit: DeclanTM on Visual hunt / CC BY
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