Central Banking

Indian banks woo credit card users

INDIA - India's largest commercial bank plans a credit card revolution that it hopes will increase its share of the retail banking market by 47%.

State Bank of India, which is 60% owned by the central bank, deals with about one-fifth of the county's retail loans and deposits.

It hopes to attract almost half a million new credit card customers through better access to cash points. It will also have more credit card terminals in shops.

"Retail trade is highly cash based," T.S. Bhattacharya, gen