Bandhan Bank, today, announced its foray into the credit cards segment, in partnership with Standard Chartered Bank. The announcement comes on the fourth anniversary of Bandhan Bank.
Chandra Shekhar Ghosh, MD & CEO, Bandhan Bank, along with Zarin Daruwala, CEO, Standard Chartered Bank, India, made the announcement in Kolkata today.
Bandhan Bank has launched three variants of co-branded credit cards called One - for the mass market, Plus -for the affluent segment, and Xclusive - for the premium segment. Among the benefits offered to customers through these cards are attractive reward points for spends on dining, movie tickets and supermarkets. There will also be a fuel surcharge waiver, offers on flights and hotels, airport lounge access and waiver of fee against a minimum annual spend.
Commenting on the launch, Chandra Shekhar Ghosh said, "When we started the bank four years ago, we started with basic products. We kept adding more products as we moved ahead. Today, we launch credit cards, a product that many customers demanded from us. We are happy to have Standard Chartered Bank as our partner in offering these cards. Their expertise, experience and foreign exposure will help bring our customers a well-rounded credit card offering."
Commenting on the occasion, Zarin Daruwala, CEO, Standard Chartered Bank, India, said, "This handshake between Standard Chartered, which has a vintage of over 160 years in India, and, Bandhan Bank, one of the new age fast growing entities, is truly an exciting one. Both banks have the same desire to provide customers accessible, simple, cost effective and innovative technology and digital financial solutions. This synergy of thoughts will definitely prove to be a winning combination for both banks and customers."
Shares of Bandhan Bank Ltd was last trading in BSE at Rs.457.35 as compared to the previous close of Rs. 465.4. The total number of shares traded during the day was 47728 in over 1811 trades.
The stock hit an intraday high of Rs. 475.75 and intraday low of 453. The net turnover during the day was Rs. 22064895.