RBL Bank Signs Up Visa After RBI Ban On Mastercard

RBL Bank said on Thursday it has signed up Visa Inc for its credit cards, a day after Reserve Bank of India (RBI) decided to bar rival payments company Mastercard Inc from issuing new debit or credit cards in the country. The lender aims to issue new credit cards under the Visa network in 8 to 10 weeks following a technology integration. RBL shares fell as much as 3.2 per cent after it warned that card issuances per month will be i...