Share value of RBL Financial institution gained greater than two per cent on Wednesday, September 15, after the financial institution introduced that it began issuing bank card to its clients on the Visa funds community. On Wednesday, RBL Financial institution opened at Rs 176.25, swinging to an intra day excessive of Rs 181.20 and an intra day low of Rs 175.85, within the buying and selling session thus far.
RBL Financial institution’s launch right now follows the completion of expertise integration with the brand new platform after the settlement between RBL Financial institution and Visa in July, 2021.
RBL Financial institution has a 5 per cent market share in bank cards within the nation. The financial institution will leverage its partnership with Visa to offer a variety of bank cards to a a number of buyer segments, in accordance with a regulatory submitting by RBL Financial institution to the inventory exchanges.
“At a time when customers are searching for extra methods to pay with out utilizing money, we’re happy to announce our partnership with RBL Financial institution to concern Visa-powered bank cards to their customers. Visa goals to allow digital funds for all and assist customers avail credit score choices from their issuers with ease,” mentioned Sujai Raina, Head – Enterprise Improvement, India, Visa.
These playing cards are designed to supply handy, sensible, safe transactions, together with reward propositions to clients, in accordance with the main personal sector financial institution.
On the NSE, RBL Financial institution opened at Rs 176.50, registering an intra day excessive of Rs 181.25 and an intra day low of Rs 176.40. within the session thus far. It have been final buying and selling 3.05 per cent increased at Rs 180.70 apiece on the NSE.
Shares of RBL Financial institution have been final buying and selling 2.79 per cent increased at Rs 180.25 apiece on the BSE.