Which of the following banks has launched India's first Corporate Credit Card on RuPay network?

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  1. Canara Bank
  2. ICICI Bank
  3. IndusInd Bank
  4. State Bank of India (SBI)

Answer (Detailed Solution Below)

Option 3 : IndusInd Bank
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Detailed Solution

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The correct answer is IndusInd Bank.
In News 

  • ‘eSvarna’: IndusInd Bank introduces UPI-enabled credit card on the RuPay network.

Key Points

  • IndusInd Bank has launched ‘IndusInd Bank eSvarna’, India’s first Corporate Credit Card on the RuPay network.
  • The introduction of India's first 'Corporate Credit Card' on the RuPay network is a testament to the constant endeavour to elevate the customer experience.
  • The card caters to their discerning lifestyle needs by offering unparalleled experiences and benefits across various categories, including travel, wellness, and lifestyle. 
  • The launch of 'eSvarna,' the country’s inaugural corporate card on RuPay, represents a significant step for corporate clients to access unique corporate offerings, benefits, and seamless UPI-enabled payments.
  • This will elevate the overall experience for large corporates and their employees, delivering an unparalleled user experience marked by simplicity and efficiency. 
  • IndusInd Bank
    • Founded in - 1994
    • HQ - Mumbai
    • MD & CEO - Sumant Kathpalia

Additional Information

  • ICICI Bank
    • Establishment year - 1994
    • HQ - Mumbai
    • MD & CEO - Sandeep Bakshi
  • State Bank of India
    • Establishment year - 1955
    • HQ - Mumbai
    • Chairman -Dinesh Kumar Khara
  • Canara Bank
    • Establishment year - 1906
    • HQ - Bengaluru
    • MD & CEO - K Satyanarayana Raju
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