Mumbai: axis Bank has said that it is confident about the quality of Citibank Credit Card Portfolio and persistence and expenses were satisfactory. Talking to reporters here, Axis Bank head (cards and payments) Sanjeev Moghe said he was confident that the integration would be completed within the stipulated time frame. However, it has not reached the stage of seeking customer approval for integration.
Moghe refuted reports that there was a breach in the assessment due to the shortfall in the card’s Aadhaar.
“We are confident in the hard work we have put in, the price we have bid at and we are confident that we will be able to deliver the value at what we paid for,” he said. he admitted that City Attrition was seen in card numbers, but attributed this to the normal attrition seen by every bank, which is covered by the new addition. He added that Citi maintained its strength in terms of affluent and super affluent clients and the portfolio was better than the industry in terms of spends and defaults.
Moghe was speaking at the launch of the bank’s partnership with EasyDinner, a startup platform for table reservations, food discovery and restaurant payments. The partnership will enable both credit and debit card customers to avail discounts at premium restaurants across the country. Customers will be eligible for double-dip discounts, including discounts from EasyDinner and Axis Bank, for which they will need to download the app. In premium restaurants as compared to pre-covid times. This significant recovery has been led by Delhi NCR, Mumbai and Bengaluru, followed by Goa, which is now emerging as a strong destination in the last two years. In addition, customers are eating 3.2 times a month as compared to 2.1 times a month. book table. Chopra said, “India is known for its diversity in cuisine and the future of food is going to be experiential.”
Moghe refuted reports that there was a breach in the assessment due to the shortfall in the card’s Aadhaar.
“We are confident in the hard work we have put in, the price we have bid at and we are confident that we will be able to deliver the value at what we paid for,” he said. he admitted that City Attrition was seen in card numbers, but attributed this to the normal attrition seen by every bank, which is covered by the new addition. He added that Citi maintained its strength in terms of affluent and super affluent clients and the portfolio was better than the industry in terms of spends and defaults.
Moghe was speaking at the launch of the bank’s partnership with EasyDinner, a startup platform for table reservations, food discovery and restaurant payments. The partnership will enable both credit and debit card customers to avail discounts at premium restaurants across the country. Customers will be eligible for double-dip discounts, including discounts from EasyDinner and Axis Bank, for which they will need to download the app. In premium restaurants as compared to pre-covid times. This significant recovery has been led by Delhi NCR, Mumbai and Bengaluru, followed by Goa, which is now emerging as a strong destination in the last two years. In addition, customers are eating 3.2 times a month as compared to 2.1 times a month. book table. Chopra said, “India is known for its diversity in cuisine and the future of food is going to be experiential.”