2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Axis Bank
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State Bank of India
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Indian Bank
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HDFC Bank
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Detailed explanation-1: -According to the data revealed by 1 Lattice (previously PNG), which of the following banks dominated the credit cards market in October 2022, with a 21% share? Explanation: In the credit cards market, India’s largest private sector bank, HDFC bank led the share with a whopping 21 per cent.
Detailed explanation-2: -Country’s largest lender, State Bank of India continues to dominate the debit cards market in October 2022, with a 29% share, revealed data by 1Lattice (previously PGA Labs).
Detailed explanation-3: -The momentum of the credit card business has remained strong in 2022, in terms of card issuance and spends, according to Reserve Bank of India (RBI) data. HDFC Bank remains the dominant force with a market share of 22.97%, followed by SBI at 19.09% and ICICI Bank at 17.92%.
Detailed explanation-4: -Notes: As per the data collated by PGA Labs, the country’s largest bank, the State Bank of India remains the top player with a 30% market share of debit cards as of June 2022.