The share value of RBL Financial institution rose over two per cent on Wednesday, September 15, when the financial institution introduced that it has began issuing bank cards to its prospects on the Visa fee community. On Wednesday, RBL Financial institution opened at Rs 176.25 within the buying and selling session thus far, hitting an intraday excessive of Rs 181.20 and an intraday low of Rs 175.85.
The launch of RBL Financial institution as we speak follows the completion of know-how integration with the brand new platform following the settlement between RBL Financial institution and Visa in July, 2021.
RBL Financial institution has a market share of 5 per cent in bank cards within the nation. In line with a regulatory submitting by RBL Financial institution to the inventory exchanges, the financial institution will leverage its partnership with Visa to supply a variety of bank cards to a number of buyer segments.
“At a time when shoppers 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 our shoppers. Visa goals to allow digital funds for all and assist shoppers avail straightforward credit score choices from their issuers,” mentioned Sujai Raina, Head – Enterprise Improvement, India, Visa.
In line with the main non-public sector financial institution, these playing cards are designed to supply handy, sensible, safe transactions to the purchasers with rewarding gives.
On NSE, RBL Financial institution opened at Rs 176.50, an intraday excessive of Rs 181.25 and an intraday low of Rs 176.40. Up to now within the session, it was buying and selling 3.05 per cent larger at Rs 180.70 final time on NSE.
Shares of RBL Financial institution have been buying and selling up 2.79 per cent at Rs 180.25 on the BSE.