Tag: Bajaj
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Bajaj Finance, RBL Bank fall as RBI grants only 1 more year to co-branded credit cards
RBI has not yet allowed NBFCs to launch credit cards so most NBFCs have opted for the co-branded route. Bajaj Finance has credit card partnerships with RBL Bank and DBS Bank. While DBS Bank partnership is one-year old, the one with RBL Bank is a long standing one that started in FY18. Observing “serious deficiencies”…