RBL Bank pulls plug on Bajaj Finance partnership

RBL Bank has ended its eight-year co-branded credit card partnership with Bajaj Finance because of changed synergies. The bank will stop issuing new co-branded credit cards, which previously made up 30% of its credit card issuances. RBL will continue to service existing cards and has formed new partnerships with other companies like Mahindra & Mahindra Finance and Indian Oil Corp.