NEWS & ADVICE : CREDIT CARDS
SBI eyes to capture high net-worth clients with new credit card
By Ankit Sharma
May 28, 2012
Print    Email    RSS   

State Bank of India's credit card division, SBI Cards will be introducing signature card targeting affluent class and high net-worth individuals (HNI). The card might hit the market as early as next week.

The bank is positive on the growth prospects, and hopes to grow by 25-30 percent in 2013. Currently the SBI's credit card portfolio is 22 lakh cards strong with an asset size of Rs. 2,300 crore. Mr. Kadambi Narahari, the CEO, SBI Card also hopes to add "at least one million cards by 2014."

"With better road network, media penetration and growing retail chains, three years from now, we see the card payment market growing in these cities at a rate as high as 20 per cent, outpacing the Tier I market," Mr. Narahari further added.

The company also has aggressive plans for Tier II and Tier III locations. The company plans to tap the 20,000 strong branch network of the SBI group to fuel its growth plans.

SBI Card is the third largest credit card issuer in the country behind the HDFC Bank, and ICICI Bank.


 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
12 point conduct checklist for bank and...
WorldMiles credit card - just another...
How to select a co-branded credit card?
Disputing errors in a credit report
Deter & detect ID thefts: Keep your...


91-9982822666 Black magic specialist in Italy
((((श्री श्याम जी)))))***...
YAAR NAA MILEY (((+91-7827738197 }}} 100% REAL LOVE...
Ravet Caℓℓ Girℓs:~O976775824O -/- O96377O1567...
Dehu Road Caℓℓ Girℓs:- O9767758240 ~$~...
what is balance62249254677

NEWS THIS WEEK
Banks opening new savings account under PMJDY speedily Nov 25, 2014
UCO bank introducing services to make banking convenient Nov 24, 2014
Banks to launch the contactless cards soon Nov 20, 2014
SBH bank rolled out e-connect facility Nov 18, 2014
Report on Deposit and credit growth of the banks Nov 17, 2014
News Archive