Axis Bank under the new management of Mr. Amitabh Chaudhary has started aping Best Practices from the HDFC Group.
93% of Axis Bank Credit Card loans are from existing customers of the Bank. They've Launched premium credit card offering in this quarter called us– Magnus
It has is the fourth-largest bank in terms of credit cards issuer, spending from debit cards at point of sales terminals and in transactions through mobile, constituting market share of 8%, 12% and 14%, respectively. In terms of forex cards issued, Axis Bank stood at No. 1 position and has 38% market share.
