SBI Smart Payout Card for Aam Aadmi and UnBanked

SBI Smart PayOut CardSensing an Opportunity in Getting the UnBanked in India to use Banking Services, SBI introduced the Smart Payout Card in the Pre-Paid segment especially targeting Blue Colored Workers who have no Bank accounts.

Features of the SBI Smart Payout Card

  • Employers can give to any of their employees or contract workers, labors or managers managing small tasks
  • A Maximum Withdrawal Limit of Rs 25,000 per month
  • The Card can be re-filled with a maximum amount of Rs 10,000
  • Card can be used to Withdraw cash in ATM
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Credit Bureaus Lobby for Mobile / Utility Bill Payment Records

Mobile Bill Pay India - CIBILLeading Credit bureaus in India – CIBIL, Experian and Equifax have started lobbying with the government for to get access to consumers Mobile Bill Payment records. The companies have initiated talks with TRAI which currently prohibits sharing of consumer data with any of the credit bureaus in India.

Telecom Operators are Un-willing to share the information with the Bureaus unless the Government mandates. Separately, CIBIL the company which tracks your creditworthiness is also in talks with various Utility Companies (Electricity Suppliers where Consumers Pay Monthly Bills) as these records will

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Which Banks in India Lead the Credit Card Portfolio ?

icici hdfc credit cardsIn our previous article we presented that Credit Cards is the Next Big Product for Banks contributing to Banks Bottom-line in the Wealth Management Segment. Today we’d like to analyze on the basis of Data which Banks are Leading the Credit Cards Business Segment in India.

HDFC Bank, SBI and ICICI Bank seem set to lead this business. The share from this business is likely to be most significant to HDFC Bank (over 15% of fee income) given its high market share in credit card transactions or volumes. For most other banks, the share of this business is relatively lower at less than 10% of

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Strong Credit Card Portfolio – Next Leg of Growth for Banks

Credit Cards Next Growth instruments for BanksWe see an opportunity for Indian banks from the shift towards newer and inexpensive payment platforms and better penetration of non- balance sheet products like Credit Cards. Banks that make money through ATM interchange fees are likely to see higher income through debit / credit card transactions. On the other hand, a strong retail customer base, new products and focus can provide healthy wealth-management business.

Penetration levels have improved for debit cards (~40% of savings account customers) and a proper incentive structure should enable strong growth in fee income for all banks. We notice most of the fee income generated in the cards portfolio coming

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