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NBFCs Authorized to Issue Co-branded Cards by Awadhesh Kumar Kureel is a document available to read on EtoBox.
What is NBFCs Authorized to Issue Co-branded Cards about?
The Reserve Bank of India issued guidelines allowing eligible non-banking financial companies to issue co-branded credit cards with scheduled commercial banks without risk sharing. To be eligible, NBFCs must meet minimum net worth, profitability, asset quality, and capital adequacy requirements. Co-branded credit card arrangements will be limited to marketing and distribution, with banks responsible for fulfillment, risks, customer accounts and payments. NBFCs must also adhere to fair practices, Know Your C
- Author
- Awadhesh Kumar Kureel
- Language
- EN