Tag: credit
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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”…
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Private credit isn’t as risky as some may believe
As ever in finance, some are exploring innovations that could undermine these good characteristics. The rapid rise of funds that make loans directly to buyout deals and other highly indebted companies — known as private credit — is among the hottest topics in finance. The sector has minted fresh billionaires, while being called a bubble by traditional financiers like UBS…