Deutsche observe in talks to sell cards biz in India

Clyton Fernandez, banking and financial services analyst at Anand Rathi Securities

, adds: "The cost of servicing debt in a credit cards business can be quite high as it requires manpower and recoveries, which could make it an unviable business for some of the foreign banks."

Deutsche observe in talks to sell cards biz in India

By: Bhavana Jhingan

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