Credit Card Scheme: If you have HDFC Bank’s credit card or your account is in HDFC Bank, then this news is beneficial for you. Yes, the new scheme made by the bank will directly benefit crores of bank customers. The largest private bank in the nation, HDFC Bank, has good news for its clients. Every month, the bank intends to provide 10 lakh credit cards. The steps taken by the bank to meet this target will directly benefit the customers.
New offers will be presented
According to information provided to the media by the bank’s country head, Parag Rao, the bank plans to double the current number of credit card issuers to 10 lakhs. Currently, there is 5 lakh of them, but in the following days, that number is expected to double. Rao also informed that to achieve this goal and increase spending on credit cards, partnerships will be announced with several industries from online retail to food delivery.
In the case of business from competitor banks, the
The customers will directly benefit from the schemes available under these agreements. In the report released by Bloomberg, it was told that after the withdrawal of the card ban in August, there has been a rapid improvement. In fact, HDFC was penalized due to an online glitch that harassed customers. According to data released by RBI, HDFC’s share in total card spends stood at 29 percent in October. This is very high compared to other competing banks.
It was also told from Rao’s side that the bank’s focus is not only on issuing new cards but more and more shopping will also be done from the customers’ cards. For this, new offers will be given to the customers. This will benefit crores of customers.
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