Bandhan Bank launches credit cards in partnership with Standard Chartered Bank
Three variants launched, one each for mass market, affluent and premium segments
Kolkata, August 23, 2019: 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 the 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.