Monday, 18 May 2015

The development of e-commerce business credit card balance increase of 22 percent

Online e-commerce business in the country during 2014-15 in the wake of rapid growth in the outstanding balance of the credit card business has increased 22 percent, rising to 30 471 crore. At the end of last year, a decline of 0.22 per cent was recorded. During 2014-15 payment via credit card is also gone up. With the increase in expenditure in arrears has also increased sharply. In the last two years, spending is increasing at a rate of 25-30 percent.
 Axis Bank's consumer loan Snepdil president Jayaram Sridhar said E-commerce companies, Flipkart, Amazon, Jabong customers have the option to pay via credit card, the online business in the rapidly growing use of credit cards has gone. These e-commerce companies also signed an agreement with several banks and the promotional offer their website in collaboration with the banks through credit card payment has been made. E-commerce business with the credit card number has increased even faster. Most private banks are issuing credit cards. State Bank has 15 percent market share in the credit card business. By the end of March, a total of 308.6 million credit cards were in circulation.

ICICI Bank, between the years 2008-2010 was cautious in unsecured lending but bank lending has begun. The bank's credit card the personal loan portfolio March 31, 2015. The total debt was Rs 10,900 crore, equivalent to 2.8 percent of the credit, but because of the weak base is seeing very high growth rate. HDFC Bank's unsecured loan portfolio is growing rapidly. The bank has set a target of 12-15 per cent.

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