Poonawalla Fincorp & IndusInd Bank launch co-branded credit card

By Gloria Mathias

Poonawalla Fincorp, a Cyrus Poonawalla group-promoted non-banking finance company, has received permission from the Reserve Bank of India (RBI) to issue a co-branded credit card with IndusInd Bank.

The company plans to launch this credit card within three months. This partnership will enable Poonawalla Fincorp to usher in a new age of flexible and versatile retail credit.

Expressing happiness at the development, Abhay Bhutada, Managing Director, Poonawalla Fincorp, said, “We are confident that this partnership with IndusInd Bank will be a game-changer adding a new vista to our bouquet of new-age financial products for India’s tech-savvy and financially astute customers. We at Poonawalla Fincorp believe in ethical lending with complete transparency and no hidden charges while engaging with our customers. With its fully digital process and unique best-in-class product offerings, we expect to provide an exceptional & seamless customer experience to our existing and potential customers.”

Poonawalla Fincorp is a Cyrus Poonawalla group-promoted non-banking finance company registered with the Reserve Bank of India (RBI). The Company started operations nearly three decades back and is listed on the BSE Limited (BSE) and the National Stock Exchange of India Limited (NSE). The Company’s financial services offerings include pre-owned car finance, personal loans, loans to professionals, business loans, loans against property, supply chain finance, machinery loans, medical equipment loans and consumer loans.

IndusInd Bank is a financial services brand. They are the preferred banking solutions provider and partner for approximately 35 million customers across the country, including individuals, large corporations, various government entities and PSUs. The Bank offers a wide range of products and services for individuals and corporations, including microfinance, personal loans, personal and commercial vehicle loans, credit cards and SME loans.