It seems it’s the season for new banks and other insurance companies to start credit card. Now it is Dena Bank which is going to start its very own credit card business. Dena Bank is going to tie-up with SBI Card to launch its own credit card.
It seems they already have a customer base of around 10,000 when it comes to credit cards and with this tie-up they will boost up more with SBI Card.
This really proves the point that it is the time of credit card companies to make hay in India, as the customer base of credit cards have been increasing and so is the profit.
Showing posts with label other credit cards. Show all posts
Showing posts with label other credit cards. Show all posts
Dena Bank to Launch Credit Cards with SBI Cards
Posted by Siva Labels: credit cards, other credit cardsAfter LIC it is now the turn of Bajaj Allianz which is another insurance company to start its own brand of credit cards. I guess it is sort of chain reaction which catches up others soon.
Bajaj Allianz will launch the credit cards under its own brand name. They might be tie up with another partner to launch it soon. It is expected to launch before this year end.
It seems that these credit cards will bear the Bajaj Allianz brand name while the settlements and other stuff would be done through their partners.
I wonder why these already profiting insurance companies are diversifying into this entirely new domain, credit cards! I guess the high interest rates that is being extracted by these credit card companies could be one such reason? What do you say?
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