Cash News
Mahindra Finance, a part of the Mahindra Group, has received approvals from the Reserve Bank of India (RBI) to launch co-branded credit cards in association with RBL Bank. These co-branded cards will be designed to cater to a broad spectrum of Mahindra Finance’s customer base.
Raul Rebello, Managing Director & CEO, Mahindra Finance emphasised, “Our first co-branded credit card, being developed in collaboration with RBL Bank, will be designed to meet the aspirational needs of our customers, across geographies in India.”
Rajeev Ahuja, Executive Director, RBL Bank stated, “Our aim is to provide a one-stop solution that offers unmatched benefits across a wide range of categories.”
Mahindra & Mahindra Financial Services Limited (Mahindra Finance), part of the Mahindra Group, is one of India’s leading non-banking finance companies.
Focused on the rural and semi-urban sector, the company has over 10 million customers and has an AUM of over $13 Billion.