The RBI approves Poonawalla Fincorp’s plan to launch a co-branded credit card with IndusInd Bank.
Poonawalla Fincorp, a non-banking financial company (NBFC) under the Cyrus Poonawalla group, has secured approval from the Reserve Bank of India (RBI) to introduce a co-branded credit card in collaboration with IndusInd Bank.
The company plans to roll out this credit card within the next three months, according to a statement by Poonawalla Fincorp.
This strategic partnership is expected to bring about a new era of adaptable and versatile retail credit solutions.