RBL Bank expects dip in new credit cards, spends in FY21

Usually, banks have a lower reliance on the credit cards segment for their advances because it is an unsecured product, but it's segmental head Harjeet Toor said the bank has been using a slew of analytics capabilities to grow in the category without increasing its delinquencies. In FY21, the bank expects to sell only over 5 lakh credit cards as against the 13 lakh earlier.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/rbl-bank-expects-dip-in-new-credit-cards-spends-in-fy21/articleshow/75787754.cms