In 3 Months HDFC Loses More Than A Quarter Of Its Amount Of Transactions On Credit Cards

In January 2021, SBI had 1,16,41,581 outstanding credits cards at the end of the month. This number rose to 1,19,57,378 in May 2021. This is a 2.7 percent increase in outstanding credits cards.

In January 2021, HDFC had 1,52,54,839 outstanding credits cards at the end of the month. This number came down to 1,48,58,375 in May 2021, a 2.5 percent decrease in outstanding credits cards.

SBI in January 2021, had Rs 12,17,756 lakh value of transactions but this came down to 10,03,810 in May 2021, a 17.5 percent decrease in value of transactions.

HDFC in January 2021, had Rs 1,52,54,839 lakh value of transactions. this came down to 14,83,953 in January 2021, a 26.3 percent decrease.

So, now SBI and HDFC had a decrease in transactions but HDFC had a major loss as compared to SBI as they lost more than a quarter of their value of transactions in 3 months. 

Moreover, The Average Revenue Per Unit (ARPU) for SBI in January 2021 was Rs 10,460, which came down to Rs 8,395 a 19.7 percent decline.

The Average Revenue Per Unit for HDFC in January 2021 was Rs 13,211, which came down to Rs 9,987 in May 2021, a 24.4 percent decline. 

Here again, HDFC almost lost a quarter of the Average Revenue Per Unit in 3 months. 

Hence, we can say that the largest public sector bank had more transactions from January 2021 to May 2021 when compared to HDFC and performed better than the private sector bank.