ICICI Bank shrinks credit card book 9.7% as it exits risky, unprofitable segments

ICICI Bank's credit card portfolio fell 9.7 per cent year-on-year in Q2 FY27 as the bank exits risky and unprofitable segments. Executive Director Sandeep Batra also cited higher festive spends last year. The book stood at Rs 53,091 crore at September-end. Around 70 per cent of the portfolio is to existing customers, and about 85 per cent is to salaried individuals.

Source: ET BFSI ↗