New Click here to Enroll for SIDBI MSME Expert Class by ex-GM, SBI on Nov 24

    Register

    Question

    In terms of credit card spending in August 2023, which bank held the 1st, 2nd, and 3rd positions among Indians?

    A HDFC Bank, ICICI Bank, SBI Cards Correct Answer Incorrect Answer
    B SBI Cards, HDFC Bank, Axis Bank Correct Answer Incorrect Answer
    C ICICI Bank, SBI Cards, Axis Bank Correct Answer Incorrect Answer
    D HDFC Bank, SBI Cards, ICICI Bank Correct Answer Incorrect Answer
    E SBI Cards, Axis Bank, ICICI Bank Correct Answer Incorrect Answer

    Solution

    Credit card spending among Indians rose 2.67% to Rs 1.48 trn in August. HDFC Bank maintained its leadership position with 18.53 million cards, a tad lower than 18.54 million cards in the previous month. Meanwhile, SBI Cards stood at 17.78 million, ICICI Bank at 15.30 million, and Axis Bank at 12.96 million.

    Practice Next