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Sunday, July 31, 2011

Giving out free credit cards not viable: says SBI


Issuance of free credit cards is a risky affair. According to MD and CFO of State Bank of India, Mr Diwakar Gupta, the credit cards should be issued against a fee so that the cardholders only belong to the segment which values the card. "Don't push (free) cards for the sake of increasing numbers," he said.

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