After a gap of almost four years, ICICI Bank and Hongkong and Shanghai Banking Corp (HSBC) have started expanding their credit card base. The duo, once the most aggressive credit card players in the country, have not been growing this business since 2008-09 as uncertain economic environment increased the risk of delinquencies. It appears that the two banks are now convinced that increasing their credit card portfolios will not lead to significant erosion in asset quality........
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