Economic TimesLean R·
Federal Bank, IDFC First Bank surge in credit card growth, challenging HDFC Bank
Recent data reveals that Federal Bank and IDFC First Bank have collectively issued over twenty-two lakh new credit cards, almost paralleling HDFC Bank's own expansions. Together, they represent twenty-one percent of the newly released cards, suggesting a noticeable change in the competitive dynamics of the credit card sector as the dominance of the top four issuers appears to be waning.
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