ICICI plans to issue 500,000 new credit cards in 2013-14

.... “We are seeing spending growth of 20% or more, varying between Rs.1,300 crore toRs.1,500 crore every month. Our delinquencies are less than half of the industry and 90% of our cards are actively used,” Sabharwal said, adding that ICICI’s delinquencies had fallen “dramatically” over the past few years. Sabharwal declined to give a specific number on the delinquencies citing compliance issues.....

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