ICICI Bank, India's largest private sector bank is planning to add 500,000 credit cards this financial year to its existing portfolio of three million. The bank’s credit card portfolio is estimated at Rs 3,000 crore and growing at 20% annually. At the end of June this year, its credit card portfolio stood to 2.95 million from 2.89 million a month earlier.
Recently, the bank launched its next generation Credit Card- ICICI Bank Carbon. The card, with a keypad and alpha-numeric LCD screen, would provide better security for online transactions. This card will be available at an inaugural one-time fee of Rs 1,000.
ICICI Bank is India's largest private sector bank and the second largest bank in the country, with consolidated total assets of $122 billion at December 31, 2012. The Bank’s presence currently spans 19 countries, including India.
