wordpress blog stats
Connect with us

Hi, what are you looking for?

Axis Bank card fee income rises by 30% YoY 8 months after demonetization

Axis Bank, the third largest private sector lender in India, reported a card fee income of Rs 379 crore for the quarter ended March 2017 (Q4 FY17). This was 30% year-on-year (YoY) increase from Rs 290 crore. This accounted for around 16% of the total fee income at the bank. Note that Axis Bank has a significant card business and is the fourth largest issuer of credit and debit cards. It is also the third largest POS terminal merchant acquirer in the country. At the end of the quarter, the total number of debit cards in circulation stood at 20.2 million (growing 30% YoY) and the number of credit cards stood at 3.3 million  (with a growth of 39% YoY). Card fee income was also buoyed by increasing spends on cards. Spends on debit and credit cards stood at Rs 17,157…

Please subscribe/login to read the full story.
Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement

News

Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?

News

A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'

News

India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...

News

There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ