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Credit Cards in India

Publisher MarketLine
Published Nov 06, 2025
Length 47 Pages
SKU # MTLN20768180

Description

Credit Cards in India

Summary

Credit Cards in India industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights
  • A credit card is a financial product provided by a bank or financial institution that enables the cardholder to borrow money up to an established credit limit for making purchases or withdrawing cash. The cardholder must repay the borrowed amount, either in full or over time, with interest and fees applied if the balance is not settled by the due date. The market scope covers the consumer credit cards market.
  • The Indian credit cards sector recorded balances outstanding of $34.0 billion in 2024, representing a compound annual growth rate (CAGR) of 21.3% between 2019 and 2024.
  • Sector consumption volume increased with a CAGR of 16.8% between 2019 and 2024, reaching a total of 4.9 billion transactions in 2024.
  • India accounted for a share of 2.2% of the Asia-Pacific credit cards sector in 2024.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the credit cards market in India
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the credit cards market in India
  • Leading company profiles reveal details of key credit cards market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the India credit cards market with five year forecasts by both value and volume
Reasons to Buy
  • What was the size of the India credit cards market by value in 2024?
  • What will be the size of the India credit cards market in 2029?
  • What factors are affecting the strength of competition in the India credit cards market?
  • How has the market performed over the last five years?
  • What are the main segments that make up India's credit cards market?

Table of Contents

47 Pages
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Geography segmentation
1.6. Market rivalry
1.7. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
3.2. Market volume
4 Market Segmentation
4.1. Geography segmentation
5 Market Outlook
5.1. Market value forecast
5.2. Market volume forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What strategies do the leading players follow?
7.3. What are the recent developments in the market?
8 Company Profiles
8.1. HDFC Bank Ltd
8.2. State Bank of India
8.3. ICICI Bank Ltd
8.4. Axis Bank Ltd
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: India credit cards sector value: $ billion, 2019-24
Table 2: India credit cards sector volume: million number of transactions, 2019-24
Table 3: India credit cards sector geography segmentation: $ billion, 2024
Table 4: India credit cards sector value forecast: $ billion, 2024-29
Table 5: India credit cards sector volume forecast: million number of transactions, 2024-29
Table 6: HDFC Bank Ltd: Key Facts
Table 7: HDFC Bank Ltd: Annual Financial Ratios
Table 8: HDFC Bank Ltd: Key Employees
Table 9: HDFC Bank Ltd: Key Employees Continued
Table 10: State Bank of India: Key Facts
Table 11: State Bank of India: Annual Financial Ratios
Table 12: State Bank of India: Key Employees
Table 13: State Bank of India: Key Employees Continued
Table 14: State Bank of India: Key Employees Continued
Table 15: ICICI Bank Ltd: Key Facts
Table 16: ICICI Bank Ltd: Annual Financial Ratios
Table 17: ICICI Bank Ltd: Key Employees
Table 18: Axis Bank Ltd: Key Facts
Table 19: Axis Bank Ltd: Annual Financial Ratios
Table 20: Axis Bank Ltd: Key Employees
Table 21: India Size of Population (Million), 2020-24
Table 22: India Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 23: India GDP (Current Prices, $ Billion), 2020-24
Table 24: India Inflation, 2020-24
Table 25: India Consumer Price Index (Absolute), 2020-24
Table 26: India Exchange Rate, 2019-24
List of Figures
Figure 1: India credit cards sector value: $ billion, 2019-24
Figure 2: India credit cards sector volume: million number of transactions, 2019-24
Figure 3: India credit cards sector geography segmentation: % share, by value, 2024
Figure 4: India credit cards sector value forecast: $ billion, 2024-29
Figure 5: India credit cards sector volume forecast: million number of transactions, 2024-29
Figure 6: Forces driving competition in the credit cards sector in India, 2024
Figure 7: Drivers of buyer power in the credit cards sector in India, 2024
Figure 8: Drivers of supplier power in the credit cards sector in India, 2024
Figure 9: Factors influencing the likelihood of new entrants in the credit cards sector in India, 2024
Figure 10: Factors influencing the threat of substitutes in the credit cards sector in India, 2024
Figure 11: Drivers of degree of rivalry in the credit cards sector in India, 2024

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