HDFC Bank eyes 5 lakh new credit cards a month

Lender’s thrust follows RBI lifting ban

HDFC Bank has unveiled a road map to regain its market share in the credit card business in the next 9-12 months through aggressive customer acquisition backed by a robust technology backbone to support its operations. The move comes several months after the RBI banned the private sector lender from issuing credit cards on concerns over repeated technological outages. The lender aims to add five lakh cards to its portfolio every month from February next, solidifying its leadership position in them market, according to a top official.