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KMB partnered with NPCI

Published on October 30, 2021
Current Context: The Kotak Mahindra Bank (KMB) has partnered with the National Payments Corporation of India (NPCI) to launch credit cards on the RuPay network for Indian armed forces personnel.
KMB partnered with NPCI
  • The credit card will be named ‘Veer’.
  • It will be the KMB’s 1st credit card under the RuPay network.
  • The Veer credit card is available in two variants namely, Kotak RuPay Veer Platinum and Kotak RuPay Veer Select.
  • It will have a zero joining fee and will grant benefits on fuel, railway surcharge waivers, safe shopping experience to the armed forces personnel and their families.
  • Static Part: 
    • HQ of KMB and NPCI: Mumbai
    • Tagline of KMB: Let’s make money simple
    • MD and CEO of NPCI: Dilip Asbe

Question: 

Q.1 Which bank partnered with NPCI to launch a ‘Veer’ Credit card on the RuPay network for Indian armed forces personnel?
a. Karnataka Bank
b. Kotak Mahindra Bank
c. Yes Bank
d. Axis Bank

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