• Rising NPA’s (Insert Column Chart)
• Contribution of Credit Card Defaults
in the overall write-offs in India
(Insert Pie Chart)
• Regulatory restrictions by RBI
• Skewed Criteria for CIBIL rating and
write-offs
• Solutions –
• Improving the frequency of CIBIL
score updation
• Reviewing the criteria of Banks/FI’s
for issuing credit cards like Minimum
Balance requirement, Minimum
Relationship etc.
• Creating awareness by running more
promotions to increase benefits for
consumers
• Tie ups with other partners (like
aggregators and payment gateway
providers) to run discounts
• Social stigma
• In India people don’t have the habit
of buying things on credit
• Tie ups with other partners (like
aggregators and payment gateway
providers) to run discounts
• Explaining benefits of Credit Cards in
more layman terms to explain both
the tangible (Saving money through
cash backs, paying no interest till the
credit period) and intangible benefits
(like improving credit history and
score)