The exchange between the two institutions has always proved rewarding; and it is a pleasure for me to follow up on this tradition today at the Frankfurt Finance Summit. Almost five years have passed since the eruption of the global financial crisis.
There are presently more than one million credit cards in circulation for total advances amounting to 1.6 billion rupees – the biggest chunk, 1.5 billion rupees, represent personal and professional sectors – which means that there has been a notable change in consumer behavior.