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

by Alwin Benjamin Soji 1 month ago Views 2001

In 3 Months HDFC Loses More Than A Quarter Of Its
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. 

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