RBL Bank Joins Hands with Paisabazaar.com

Current Context: RBL Bank partnered with Paisabazaar.com to launch a co-created Credit Card, “Duet”.

• It is a credit line product of RBL Bank which will be a part of Paisabazaar’s neo-lending product and will replace its Paisa on Demand (PoD) credit card.
• Offered by RBL Bank with no joining fee or annual fee, the Duet will be a lifetime free credit card.
• The Duet Credit Card will offer two credit offerings:

1. Cashback on purchases made through the credit card
2. A line-of-credit from RBL bank that will enable instant money transfer

• A flat 1% cashback can be earned for all online and offline purchases with no upper limit on the cashback earned.
• The bank will also provide a line of credit above INR 3,000 and up to the credit limit of the cardholder.
• RBL Bank was established in 1943 with its headquarters in Mumbai. The current MD & CEO of the company is R Subramaniakumar.

Question:

Q.1 Which of the following recently launched the Duet Credit Card?
a. RBL Bank
b. PNB
c. Axis Bank
d. BOI