Profit

Credit card defaulters ride on hard sell

PUBLISHED ON: October 2, 2007 | Duration: 3 min, 47 sec

   
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The credit card hard sell is driving a growth of credit cards of over 35 per cent a year. But more credit card customers means more credit card defaulters. As on May 25, total credit cards loans outstanding in India was 14,221 crore rupees, 45 per cent more than what it was last year.
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