RBL Bank inks partnership with Zomato to launch co-branded credit cards
Online food ordering and delivery app Zomato, announced the launch of a co-branded credit card along with RBL, and Master Card, that will help the online food delivery platform further cement its position in India's dining market by offering benefits such as Zomato credits on purchases, and increase the reach of its flagship membership program Zomato Gold.
In the first twenty four months, RBL, and Zomato are aiming to issue 1 million credit cards to Zomato’s users in India.
The card that starts with an annual membership of ?500 (plus taxes) for the basic edition will also offer a complimentary Zomato Gold membership to its credit card holders, apart from offering Zomato credits on online and offline spends. The premium edition is priced at Rs3,000 plus taxes.
IIT Mandi signs deal with NABARD for setting up FPOs
The Indian Institute of Technology (IIT), Mandi & Enabling Women of Kamand (EWOK) Society has inked a tripartite deal with the National Bank For Agriculture and Rural Development (NABARD) for setting up three Farmer Producer Organization in Mandi, Himachal Pradesh. NABARD has sanctioned an amount of Rs 35 lakhs to EWOK Society and IIT Mandi for 3 FPOs to be established in the next 3 years.
