'Will partner with fintechs to grow biz'

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fairly easy
I am not looking to build some 2.5 million cards in no time. We will grow our credit cards business in a phased manner, says Shyam Srinivasan, CEO, Federal Bank
MUMBAI : Private lender Federal Bank plans to partner with fintech companies to grow its business. This, the bank believes, will help in improving its reach without setting up new branches. In an interview, chief executive Shyam Srinivasan, who got a three-year extension of his term in July, said he does not plan to grow the recently launched credit card business in a hurry but target about 250,000 issuances a year. Edited excerpts:

With the Reserve Bank of India (RBI) approving your three-year term, what changes do you want to see in the bank?

We have been working very hard to be the most admired bank, and you do not become that by growing the fastest or giving the maximum amount of credit. In that context, we will push ourselves. We will be a bank that is respected and trusted by key stakeholders. In that context, there is a lot of work to be done. It is a changing world and getting even more digital. Our efforts have to be dialled…
Shayan Ghosh
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