HDFC Bank's loss is ICICI Bank's gain on credit cards: Check details here

The credit card market saw a big shift in the past few months after the Reserve Bank of India (RBI) in December barred the country’s largest credit card issuer, HDFC Bank, from allotting new cards. 
 

Between December and May, HDFC Bank’s credit card kitty saw a drop of 528,447 cards while that of ICICI Bank increased 1.16 million, the highest by any lender during the period. While SBI Cards registered an increase of 661,950 cards, Axis Bank issued 243,527 more cards, the latest data shared by the RBI revealed. ICICI Bank’s co-branded credit card with e-commerce major Amazon has been