Current Affairs - Banking - Discussion

The Industrial Development Bank of India (IDBI Bank) and Life Insurance Corporation of India Credit Cards Services (LIC CSL), a wholly-owned subsidiary of LIC, will launch a co-branded credit card. It will be marketed to customers, agents, and employees of the corporation and its subsidiaries. At present, IDBI Bank offers 5 credit card variants as LIC has ties up with Axis Bank and Corporation Bank for issuance of credit cards under co-branded/white label agreements.