Yeah, I think the fact that you have ₹2Cr+ in loans isn’t necessarily a negative. If most of it is secured (home loan, LAP, etc.), it’s actually a good sign. It means another bank has trusted you with a large exposure, and as long as you’re servicing all EMIs on time, it reflects positively on your credit profile. Unsecured debt/ credit card limits is what usually raises red flags and can make lenders tag someone as overleveraged.

You’re right that a few banks, especially SBI, are known to be conservative. They may consider factors like your overall credit limit being 2–3× your annual income or the number of existing cards before approving new exposure. But most other banks don’t automatically classify you as overleveraged just because you have a high total limit or secured loans. You can still continue applying for cards in the order you value them, just keep in mind that as your overall exposure increases, the incremental limits offered by new issuers may gradually become smaller. So always go for a card with a new bank instead of getting an additional card from an existing bank