HDFC Bank, the largest issuer of credit cards in India is targeting to issue ten lakh credit cards in 2014. As of November-end 2013, the bank had a base of 51.20 lakh cards, about a third of the total credit cards in the country.
The bank has been one of the most aggressive issuers of credit cards in the recent past. However, growth in the bank’s credit card base had decelerated earlier this financial year. The number of outstanding HDFC Bank’s credit cards outstanding declined for three consecutive months - June, July and August, 2013.
HDFC Bank is one of India's premier banks providing a wide range of financial products and services to its 28.5 million customers across hundreds of Indian cities using multiple distribution channels including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking.
