Fresh card issuance by 5 private banks to be impacted due to ban on Mastercard by RBI: Report
Besides these five banks, Bajaj Finserve and SBI Card may face problems as they were also issuing cards of this payment gateway. So, in all, as per the report of global bokerage firm Nomura, seven financial institutions would not be able to issue new card as they sourced significant number from Marstercard.
SBI is proxy to the Indian economy: Dinesh KharaSBI is proxy to the Indian economy and the shape of Indian economy, the health of Indian economy eventually shows up in the book also--said Dinesh Khara, Chairman, SBI.
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