CURRENT AFFAIRS

2016

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following bank has has tied up with non banking finance company Bajaj Finance to launch a series of co-branded credit cards for Indian customers.
A
Axis Bank
B
South Indian Bank
C
Nainital Bank
D
RBL Bank
Explanation: 

Detailed explanation-1: -DBS Bank India, Bajaj Finance launch co-branded credit card.

Detailed explanation-2: -RBL Bank Ltd. The Bajaj Finserv RBL Bank SuperCard is the first co-branded credit card in India to reach this milestone in a short time frame of just two years.

Detailed explanation-3: -Bajaj Finserv RBL Bank SuperCard, co-branded by Bajaj Finserv and RBL Bank, is a credit instrument that lets you make purchases and helps meet emergency cash requirements. It comes with various industry-first features that make it stand out among all other cards.

Detailed explanation-4: -Bajaj Finance Ltd. (’BFL’, ‘Bajaj Finance’, or ‘the Company’), a subsidiary of Bajaj Finserv Ltd., is a deposit taking Non-Banking Financial Company (NBFC-D) registered with the Reserve Bank of India (RBI) and is classified as an NBFC-Investment and Credit Company (NBFC-ICC).

Detailed explanation-5: -Bajaj Finserv is one of the top financial organisations in India which got registered as a non-banking financial company with the RBI on 29th October, 2007. Today, it ranks among the best NBFCs for home loan and a range of other financial products in this country.

There is 1 question to complete.