Have they poached all those Devaluation Kings from Axis and HDFC Teams? Can have a couple of recruits from Amex and AU too!
But seriously, lets hope they'll have some solid offers upfront, and sooner rathr than later, they'll open it up to non-account holders too...
Many such arrangements are there since a very long time.
For example, SBI CARD is also issued by P&S Bank (Punjab & Sind bank), UCO Bank, CBI (Central Bank of India), CUB (City Union Bank), Karnataka Bank, SIB (South Indian Bank) and KVB (Karur Vysya Bank). These are branded with logos of both banks.
Many such arrangements are there since a very long time.
For example, SBI CARD is also issued by P&S Bank (Punjab & Sind bank), UCO Bank, CBI (Central Bank of India), CUB (City Union Bank), Karnataka Bank, SIB (South Indian Bank) and KVB (Karur Vysya Bank). These are branded with logos of both banks.