Credit Cards in India

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $350	47 Pages	MarketLine	November, 2024	MTLN19647760

Best Price Guarantee
Price	from $350
Length	47 Pages
Publisher	MarketLine
Published Date	November, 2024
SKU	MTLN19647760

Credit Cards in India

Summary

Credit Cards in India industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

A credit card is a financial product provided by a bank or financial institution that enables the cardholder to borrow money up to an established credit limit for making purchases or withdrawing cash. The cardholder must repay the borrowed amount, either in full or over time, with interest and fees applied if the balance is not settled by the due date. The market scope covers the consumer credit cards market.
The Indian credit cards sector recorded balances outstanding of $31.1 billion in 2023, representing a compound annual growth rate (CAGR) of 23.8% between 2018 and 2023.
Sector consumption volume increased with a CAGR of 14.9% between 2018 and 2023, to reach a total of 3.6 billion number of credit card transactions in 2023.
The Indian credit card sector has experienced significant growth in 2023, driven by various factors. Key contributors to this expansion include a strong and growing economy, increasing consumer spending, and attractive reward programs. According to the Reserve Bank of India (RBI), the consumer confidence index in India reached 88.1 in July 2023, up from 77.3 in July 2022.

Scope

Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the credit cards market in India
Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the credit cards market in India
Leading company profiles reveal details of key credit cards market players’ global operations and financial performance
Add weight to presentations and pitches by understanding the future growth prospects of the India credit cards market with five year forecasts by both value and volume

Reasons to Buy

What was the size of the India credit cards market by value in 2023?
What will be the size of the India credit cards market in 2028?
What factors are affecting the strength of competition in the India credit cards market?
How has the market performed over the last five years?
Who are the top competitors in India's credit cards market?

1 Executive Summary: 1.1. Market value; 1.2. Market value forecast; 1.3. Market volume; 1.4. Market volume forecast; 1.5. Geography segmentation; 1.6. Market rivalry; 1.7. Competitive landscape
2 Market Overview: 2.1. Market definition; 2.2. Market analysis
3 Market Data: 3.1. Market value; 3.2. Market volume
4 Market Segmentation: 4.1. Geography segmentation
5 Market Outlook: 5.1. Market value forecast; 5.2. Market volume forecast
6 Five Forces Analysis: 6.1. Summary; 6.2. Buyer power; 6.3. Supplier power; 6.4. New entrants; 6.5. Threat of substitutes; 6.6. Degree of rivalry
7 Competitive Landscape: 7.1. Who are the leading players?; 7.2. What strategies do the leading players follow?; 7.3. What have been the most recent market developments?
8 Company Profiles: 8.1. Bank of Baroda; 8.2. HDFC Bank Ltd; 8.3. ICICI Bank Ltd; 8.4. State Bank of India
9 Macroeconomic Indicators: 9.1. Country data
10 Appendix: 10.1. Methodology; 10.2. Industry associations; 10.3. Related MarketLine research; 10.4. About MarketLine
List of Tables: Table 1: India credit cards market value: $ billion, 2018-23; Table 2: India credit cards market volume: million number of credit card transactions, 2018-23; Table 3: India credit cards market geography segmentation: $ billion, 2023; Table 4: India credit cards market value forecast: $ billion, 2023-28; Table 5: India credit cards market volume forecast: million number of credit card transactions, 2023-28; Table 6: Bank of Baroda: Key Facts; Table 7: Bank of Baroda: Annual Financial Ratios; Table 8: Bank of Baroda: Key Employees; Table 9: Bank of Baroda: Key Employees Continued; Table 10: HDFC Bank Ltd: Key Facts; Table 11: HDFC Bank Ltd: Annual Financial Ratios; Table 12: HDFC Bank Ltd: Key Employees; Table 13: HDFC Bank Ltd: Key Employees Continued; Table 14: ICICI Bank Ltd: Key Facts; Table 15: ICICI Bank Ltd: Annual Financial Ratios; Table 16: ICICI Bank Ltd: Key Employees; Table 17: State Bank of India: Key Facts; Table 18: State Bank of India: Annual Financial Ratios; Table 19: State Bank of India: Key Employees; Table 20: State Bank of India: Key Employees Continued; Table 21: State Bank of India: Key Employees Continued; Table 22: India Size of Population (million), 2019-23; Table 23: India Real GDP (Constant 2010 Prices, $ Billion), 2019-23; Table 24: India GDP (Current Prices, $ Billion), 2019-23; Table 25: India Inflation, 2019-23; Table 26: India Consumer Price Index (Absolute), 2019-23; Table 27: India Exchange Rate, 2018-23
List of Figures: Figure 1: India credit cards market value: $ billion, 2018-23; Figure 2: India credit cards market volume: million number of credit card transactions, 2018-23; Figure 3: India credit cards market geography segmentation: % share, by value, 2023; Figure 4: India credit cards market value forecast: $ billion, 2023-28; Figure 5: India credit cards market volume forecast: million number of credit card transactions, 2023-28; Figure 6: Forces driving competition in the credit cards market in India, 2023; Figure 7: Drivers of buyer power in the credit cards market in India, 2023; Figure 8: Drivers of supplier power in the credit cards market in India, 2023; Figure 9: Factors influencing the likelihood of new entrants in the credit cards market in India, 2023; Figure 10: Factors influencing the threat of substitutes in the credit cards market in India, 2023; Figure 11: Drivers of degree of rivalry in the credit cards market in India, 2023