For HDFC, one of the largest private sector banks of India, the number of credit cards and  debit cards have been comparable, unlike other banks such as ICICI and SBI, whose credit card – debit card deficit have been significant.  As per data retrieved by MediaNama using the Right To Information Act, over a span of 2 years, the number of debit cards have gone up by 71.85% to 4.36  million by the end of March 2011, whereas the number of credit cards have increased by  19.53 % to 5.22 million. On comparing HDFC with ICICI and SBI, we discovered two interesting patterns: HDFC is the only bank among the three whose credit cards outnumber debit cards. Secondly,  the absolute numbers of cards are considerably fewer than that of ICICI and SBI.

Data Source: Reserve Bank Of India, via RTI

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