External broker reports(aggregated public sources), Emkay Global Financial Services Limited

Emkay

Emkay Global Financial Services Ltd. is a leader in the financial services sector, actively creating wealth for our clients for over two decades.

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External broker reports(aggregated public sources)

Emkay Global Financial Services Limited

Emkay Global Financial Services Ltd. is a leader in the financial services sector, actively creating wealth for our clients for over two decades. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>The Board of RBL Bank has decided to terminate its 8-year old co-branded credit card agreement with Bajaj Finance (BAF), resulting in BAF selling nearly 8mn cards cumulatively and logging 3.4mn outstanding cards as of H1FY25.</li><li>During the concall, the management of RBL Bank stated that this decision was taken after intimation from BAF expressing its preference for exiting the partnership as part of its broader strategy to withdraw from any co-branded card origination.</li><li>Following the regulatory changes that have compelled the transfer of the collection process of co-branded credit cards to the issuing bank, the economics of co-branded cards changed materially, leading to RBL Bank limiting sourcing via the BAF channel to ~40K cards a month from the past year runrate of 120-140K cards a month.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

The Board of RBL Bank has decided to terminate its 8-year old co-branded credit card agreement with Bajaj Finance (BAF), resulting in BAF selling nearly 8mn cards cumulatively and logging 3.4mn outstanding cards as of H1FY25.During the concall, the management of RBL Bank stated that this decision was taken after intimation from BAF expressing its preference for exiting the partnership as part of its broader strategy to withdraw from any co-branded card origination.Following the regulatory changes that have compelled the transfer of the collection process of co-branded credit cards to the issuing bank, the economics of co-branded cards changed materially, leading to RBL Bank limiting sourcing via the BAF channel to ~40K cards a month from the past year runrate of 120-140K cards a month.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Bajaj Finance Limited - Impact of Termination of Co-Branded Credit Card with RBL Bank

Bajaj Finance Ltd

Bajaj Finance Limited - Impact of Termination of Co-Branded Credit Card with RBL Bank