Credit NPAs Half the Industry Average

HDFC Bank one of the conservative banks in India which had adopted quite a laid back approach in growing its credit card business is in a better position now. The industry reports around 30% of credit card customers as delinquent accounts while HDFC’s Cards Division reports it to be half of it.

HDFC Bank on an average is issuing 70,000 credit cards and most of them are its bank’s own customers. As on Sept-30th the bank had 4.5 mn credit card customers with average spending per active card is Rs 9,500.

Kindly note that, if you have defaulted on Credit Card payments, its going to affect your credit history and score very badly. You can check out Introduction to Credit History and ask any related questions here.

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