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
Disputing errors in a credit report
Safety tips to use plastic money online
ICICIs latest phishing warning email
Utilise credit card reward points
Best airline rewards credit cards in...


Full Fun Sex Call Girl In Noida Sec 69, 70, 71,...
Blue Love Sex Call Girl In Noida Sec 69, 70, 71,...
Hard Sex Call Girl In Noida Sec 69, 70, 71,...
SILKY INDIAN GIRLS 9I30502223 PUNE Call Girls...
O9988559O83 Jalandhar Escorts,O9988559O83 Jalandhar...
CaLL GiRLs In MuNiRkA DeLhi CaLL GiRLs (((...

NEWS THIS WEEK
91st Founders day of the Karnataka Bank Feb 18, 2015
Banks on strike from 25th February Feb 16, 2015
SBT bank postponed the Open House meet Feb 13, 2015
Yes bank planning to line up for credit card portfolio Feb 12, 2015
Pocket banking – new app by ICICI bank Feb 11, 2015
News Archive