Axis Bank launches a co branded credit card with Airtel

Tags: Economics/Business

Indian private bank Axis bank has launched a co-branded credit card  for the customers of the second largest telecom company in India,Airtel.

• Airtel being a telecom company cannot issue credit cards on its own .

• Only banks in India regulated by the Reserve Bank of India can issue credit cards in India .

Important for Exam 

Axis Bank : It started its business as  UTI bank in 1993. It’s name was changed to Axis Bank in 2007.

Headquarters of Axis Bank : Mumbai, Maharashtra 

Managing Director and Chief Executive Officer : Amitabh Chaudhary.