RBK and BFL mutually end co-branded credit card partnership

Company
02 Dec 2024
5 Min read 
  • RBL Bank ends co-branded credit card partnership with BFL.
  •  The bank aims to diversify sourcing partnerships with other NBFCs and consumer brands.
  •  Existing co-branded credit cards with BFL will continue to operate normally.
  •  RBK aims to recover lost ground by 4QFY25 through new partnerships.
  •  No significant impact on profitability expected due to the partnership end.
  •  The bank is focused on growing the card business through direct channels.
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