RBL Bank has entered into an agreement with Visa Worldwide to issue credit cards on the latter's payment network after the Reserve Bank of India barred Mastercard from issuing new debit, credit cards. RBL Bank currently issues cards only on the Mastercard network.
As of date RBL Bank has about 3 million credit card customers and is the fifth largest credit card issuer in the country with an estimated 5% market share.
RBL Bank operates as a scheduled commercial bank. The bank offers its services under the five business verticals including corporate and institutional banking, commercial banking, retail banking, agri and development banking and financial markets. The bank was founded in 1943 and is based in Kolhapur, Maharashtra.
