Poonawalla Fincorp Limited announced that it has been granted permission to issue co-branded credit card with IndusInd Bank Limited, subject to conditions stipulated in Annexure XIX of Master Direction - Non-Banking Financial Company - Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016 as updated from time to time. Brief details of the approval: Issuance of co-branded credit card in association with IndusInd Bank Limited. Impact/relevance of such approval/license to the listed entity: Expanding product suite to meet customer needs in line with Management Vision 2025.

With this launch, customers will get access to best-in-class customer centric credit card product. Period for which such approval valid: Two (2) years from the date of RBI approval.