2022
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Punjab National Bank
|
|
|
Bank of Baroda
|
|
|
Canara Bank
|
|
|
SBI
|
Detailed explanation-1: -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-2: -HDFC Bank is not only one of the largest private banks of India but also has the major market share in terms of credit cards offerings. As of September, 2022, HDFC Bank has approximately more than 1.70 crore active credit cards and thus it is regarded as the largest card issuer in the country.
Detailed explanation-3: -The latest data by PGA labs showed that the country’s largest bank, The State Bank Of India continues to be the top player with a 30 per cent market share of debit cards as of August 2022 despite a 3 per cent drop in year-on-year growth. Cards in circulation in India hit 1 billion as debit cards issuances revive.
Detailed explanation-4: -SBI tops the chart in debt card market with 30% market share as of June 2022. Bank of Baroda secured 2nd place with 8% market share. Bank of India, Canara Bank, Union Bank, and PNB came 3rd with 5% each.