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17 May, 2020, 04:56 PM IST
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“We need better policy framework to make ourselves self-reliant,” NRAI president Anurag Katriar said in a statement. “It is also clear that we will perhaps be one of the last sectors to open up, which means we perhaps need maximum support to stay alive. Our primary demands were largely around policy and liquidity support and did not require massive financial outlay from the govt,” he added.
Usually, banks have a lower reliance on the credit cards segment for their advances because it is an unsecured product, but it’s segmental head Harjeet Toor said the bank has been using a slew of analytics capabilities to grow in the category without increasing its delinquencies. In FY21, the bank expects to sell only over 5 lakh credit cards as against the 13 lakh earlier.
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