RBL Bank expects dip in new credit cards, spends in FY21

Usually, banks have a lower reliance on the credit cards segment for their advances because it is an unsecured product, but it's segmental head Harjeet Toor said the bank has been using a slew of analytics capabilities to grow in the category without increasing its delinquencies. In FY21, the bank expects to sell only over 5 lakh credit cards as against the 13 lakh earlier.

from Banking/Finance-Industry-Economic Times https://ift.tt/365LFty