Snapdeal-HDFC Bank credit card crosses 1.5 lakh users

E-commerce portal Snapdeal's co-branded credit card with HDFC Bank has crossed over 1.5 lakh users since inception in August 2016. So far the only credit card by an ecommerce player, over 1 lakh Snapdeal-HDFC Bank credit cards were issued in 2017. In December 2017 alone, the credit card clocked monthly spends worth Rs 100 crore, its highest so far. Snapdeal claims credit card users spent 2.8 times […]

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Kotak Mahindra Bank looks to divest stake in MCX

Uday Kotak's Kotak Mahindra Bank has begun discussions to divest its stake in Multi Commodity Exchange, which was dealt a blow in December when market regulator Securities and Exchange Board India paved the way for universal exchange. Kotak Mahindra holds 15 per cent stake in MCX. Other prominent shareholders in the company include ace investor Rakesh Jhunjhunwala, who has a […]

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