Hi Anirudha, I have been following your newsletter for couple of months now. Can you tell me where I can read up on the lifecycle of a credit card, and how it works? From issuance, underwriting, risk management to debt collection process. I want to learn about the complete lifecycle of credit card. Much thanks, Javi

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Great read as always. Just a small suggestion that keep the unit system of both the banks same, as in first glance, the ratio looks quite big. I thought that SBI is having 23.83 l crore and HDFC is having 1.03 l crore, then realised I am reading wrong :)

SBI: ₹23,83,624 Cr (~23% market share)

HDFC: ₹1,038,335 Cr (~10% market share)

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