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RBI Approved Poonawalla Fincorp To Issue Credit Cards With IndusInd Bank

Poonawalla Fincorp Limited, a non-banking finance company promoted by Cyrus Poonawalla group, announced that it has received permission from the Reserve Bank of India (RBI) to issue a co-branded credit card in partnership with IndusInd Bank.

  • The company plans to launch this credit card within the next three months.
  • Abhay Bhutada, Managing Director of Poonawalla Fincorp, expressed optimism about the partnership with IndusInd Bank.
  • He said that this collaboration would be a game-changer and would add a new dimension to their range of financial products for India's tech-savvy and financially astute customers. He assured that the company believes in ethical lending with complete transparency and no hidden charges while engaging with its customers.

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