Indian banking sector

January 28, 2025 12:12 PM

Number of credit cards more than doubled to 10.8 crore in 5 years, transactions surge: RBI

The number of credit cards has more than doubled to around 10.80 crore at the end of December 2024, compared to December 2019 when there were 5.53 crore cards in circulation, according to a new RBI report. In contrast, number of debit cards has remained relatively stable, with a marginal increase from 80.53 crore in December 2019 to slightly more than 99.09 crore in December 2024. A similar growth trajectory is witnessed in card transactions as well, said the RBI report. During CY2024, there w...

INDIAN BANKS: A snapshot of market capitalization and assets

The Indian banking sector is driven by both government (public sector) and private sector banks (PSBs). Data from the Bombay Stock Exchange (BSE) provides insights into the sector's financial health and dominance. MARKET CAPITALIZATION OF PUBLIC SECTOR BANKS: State Bank of India (SBI) remains the largest government bank by market capitalization, currently valued at Rs 793,576 crore. Bank of Baroda (BoB) and Punjab National Bank (PNB) follow, with market capitalizations of Rs 129,439 crore and R...