Private sector lender IndusInd Bank is in the race to buy Deutsche Bank’s credit card business in India and hopes to finalise a deal in the next few weeks. IndusInd Bank, along with Axis Bank, Dhanlaxmi Bank and Karnataka Bank, have evinced interest in acquisition of the credit card business of Deutsche Bank, sources said.
Deutsche Bank announced the launch of the Deutsche Bank World Miles Credit Card in India. The credit card, especially created to cater to regular domestic & international travelers, will automatically enroll customers in a travel-focused loyalty program called ‘WorldMiles’ enabling them to earn and redeem miles across any airline in the world. Launched in association
Jet Airways’ JetPrivilege, the frequent flyer programme from India’s leading airline has entered into a ‘credit card points to JPMiles conversion’ partnership with two leading multi-national banks, Barclays Bank PLC and Deutsche Bank. With this, valid Barclay Bank credit card (Barclaycard) holders based in India will have an opportunity to redeem their reward points towards