Credit Cards acquisition is greatly benefitted by the fact that most of the border lines defaulters are weeded out during covid times and only good bureau customers are available in market, which Banks are targeting now. Second, major correction is on credit card issuers way, with new RBI guidelines to cancel cards with NiL activity in last 12 months and non-active cards within 30 days of issuances.
Credit Cards acquisition is greatly benefitted by the fact that most of the border lines defaulters are weeded out during covid times and only good bureau customers are available in market, which Banks are targeting now. Second, major correction is on credit card issuers way, with new RBI guidelines to cancel cards with NiL activity in last 12 months and non-active cards within 30 days of issuances.