CURRENT AFFAIRS

Detailed explanation-1: -RBL Bank has launched a new credit card in a tie-up with Practo. NEW DELHI : Private sector RBL Bank and digital healthcare platform Practo have partnered to launch an industry first co-branded health credit card.

Detailed explanation-2: -Central Bank of India was the first Bank to introduce credit cards in India.

Detailed explanation-3: -In 1985, the Central Bank of India, along with Vysya Bank and United Bank of India, introduced the Central Card. In the same year, the Bank of Baroda and the Allahabad Bank together launched the Bob card. ANZ Grindlays Bank introduced Visa classic card by 1989.

Detailed explanation-4: -Credit cards in India The Central Bank of India launched the first bank credit card in 1980, which was followed by Andhra Bank in the same year – both were of the Visa brand.

Detailed explanation-5: -BankAmericard. Launched by Bank of America® as the first consumer credit card in 1958, BankAmericard was also the first card to offer revolving credit. In 1976, BankAmericard became known as Visa®-now a global corporation.