platinum-credit-cards

Strong Credit Card Portfolio – Next Leg of Growth for Banks

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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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Vijaya Bank Launches V-Platinum, V-Privilege Credit Cards

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Vijaya Bank V-Platinum Credit CardState Owned Vijaya Bank just a while ago announced the launch of two new types of Credit Cards for its Banking Customers – V-Platinum and V-Privilege Credit Cards.

Features of Vijaya Bank’s V-Platinum Credit Card
This card is intended for HNI customers of the Bank. Minimum Credit Limit will be Rs 200,000 with no maximum pre-set spending limit. The card will be issued based on net-worthiness and Income of the Customer. Minimum Bill Payment will be 25% of the outstanding. The bank is planning to issue 10,000 of these cards.

Vijaya Bank currently has 100,000 Credit Card

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