The launch follows the successful completion of technology integration with the new platform following the agreement between RBL Bank and Visa on 14 July 2021.

RBL Bank, which has a 5% market share in credit cards in India, will leverage its partnership with Visa to offer a wide range of credit cards to a variety of customer segments. These cards are designed to offer smart, convenient and secure transactions, along with attractive reward propositions to customers.

On a standalone basis, RBL Bank's net loss stood at Rs 459.47 crore in Q1 June 2021 (Q1 FY22) as compared to a net profit of Rs 141.22 crore in Q1 June 2020 (Q1 FY21). Total income rose 4.92% to Rs 2,720.50 crore in Q1 FY22 from Rs 2,592.73 crore in Q1 FY21.

RBL Bank offers specialized services under five business verticals namely: Corporate & Institutional Banking, Commercial Banking, Branch & Business Banking, Retail Assets and Treasury and Financial Markets Operations. It currently services over 9.83 million customers through a network of 435 branches, 1,422 business correspondent branches (of which 271 banking outlets) and 380 ATMs spread across 28 Indian states and Union Territories.