MoneyWorks4Me

Poonawalla Fincorp gets RBI’s permission to issue co-branded credit card with IndusInd Bank

26 Sep 2023 Evaluate

Poonawalla Fincorp has received permission from the Reserve Bank of India (RBI) to issue co-branded credit card with IndusInd Bank. The company envisages to launch this credit card within three months. This partnership will enable Poonawalla Fincorp to usher in a new age of flexible and versatile retail credit. With this launch, customers will get access to best-in-class customer centric credit card product.

Poonawalla Fincorp (Formerly known as Magma Fincorp) is a non-deposit taking systemically important non-banking finance Company (ND-SI-NBFC), registered with the Reserve Bank of India (RBI).


Peers