Poonawalla Fincorp gets RBI nod to issue credit cards with IndusInd Bank

Cyrus Poonawalla-owned Poonawalla Fincorp on Tuesday received Reserve Bank of India's (RBI) permission to issue co-branded credit cards with IndusInd Bank, the company said in a press release.

The company envisages to launch this credit card within three months. According to the company's statement, this partnership will enable Poonawalla Fincorp to usher in a new age of flexible and versatile retail credit.

“We are confident that this partnership with IndusInd Bank will be a game-changer adding a new vista to our bouquet of new-age financial products for India’s tech-savvy and financially astute customers. We at Poonawalla Fincorp believe in ethical lending with complete transparency and no hidden charges while engaging with our customers. With its fully digital process and unique best-in-class product offerings, we expect to provide an exceptional & seamless customer experience to our existing and potential customers,” said Abhay Bhutada, Managing Director, Poonawalla Fincorp.