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South Indian Bank to submit report to RBI in two weeks to reboot co-branded credit card business, says MD
Update / Judgement Date
21 Jul 2024
Source
Author
Team — WCP Legal Desk
Reading Time
1 min read
South Indian Bank plans to submit a report to the Reserve Bank of India (RBI) within two weeks to rejuvenate its co-branded credit card operations. The bank's managing director mentioned that the report will address the current issues in their credit card business and outline strategies for improvement. This move is aimed at enhancing their credit card offerings and improving overall financial performance. The report is expected to include proposals for better alignment with RBI regulations and industry standards.