Opinion | India’s millennial credit card boom runs into Mukesh Ambani3 min read 01 Dec 2019, 08:01 AM IST
India’s first initial public offering of SBI Cards and Payment Services is either an opportunity with boundless prospects — or a victim of arrested development. Which is it?
For every 100 people in India, there are only three credit cards. A comparable penetration figure for the US is 320.
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