Federal Bank to launch independent credit card to complete its suite of lending products: Official

All major banks have a credit card offering of their own for the customers, but the ongoing pandemic, which has resulted in job losses and salary cuts, has led to concerns over asset quality for unsecured products like credit cards and personal loans. The bank will rely only on in-house customers and also deploy its analytics engine to choose customers.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/federal-bank-to-launch-independent-credit-card-to-complete-its-suite-of-lending-products-official/articleshow/77574365.cms