RBL Bank ties up with Bajaj finance for co-branded credit cards
Posted on:29 Nov 2016 09:31:56
29 November 2016 Current Affairs GK: Private sector lender RBL Bank, has tied up with non banking finance company Bajaj Finance, to launch a series of co-branded credit cards for Indian customers. The first of these credit cards is proposed to be launched in the fourth quarter of FY17.
The co-branded cards are targeted at the large segment of people in metros and non-metros who have no credit cards. These will have many customer-friendly features, including no-cost EMI options, easy borrowing rates, digital payment solutions and more. The cards will also boast attractive offers and deals .
With this partnership RBL Bank hopes to strengthen its scale of operations in the credit cards business, and also enable Bajaj Finance, to expand its EMI network, especially in the consumer finance space.
RBL Bank will use digital and API banking technology to offer a flexible and seamless product to customers. On the other hand, Bajaj Finance will offer the co-branded cards to its sizeable base of 18 million customers, which the company said is growing at 25-30% annually. The co-branded credit cards will be available to both existing and new customers of the NBFC.
FreshersLive - No.1 Job site in India. Fresherslive Current Affairs 2017 section offers informative quiz questions with answers regarding latest current affairs today for all sorts of competitive exams like UPSC, TNPSC , IFS, IAS, IPS, railway exams (RRB) and banking exams like IPBS PO, IPBS clerk, Federal Bank PO, ICICI, SBI, RBI legal officer & Grade officer posts and much more. Register with us to get latest Current Affairs Updates. Also get latest Current Affairs news and quiz Updates for free alerts daily through E-mail