“The sales teams have been asked to meet a target of issuing 500,000 cards a month starting September for the next few months,” said the source with direct knowledge of the matter.
RBI vide its letter dated August 17, 2021 has relaxed the restriction placed on sourcing of new credit cards. The restrictions on all new launches of the Digital Business generating activities planned under Digital 2.0 will continue till further review by RBI.