Kolkata: Private lender Bandhan Bank on Friday forayed into the credit cards business in partnership with Standard Chartered Bank.
Bandhan Bank, which got the universal banking license from RBI over five years back, would provide co-branded credit cards to its account holders only.
"We are launching co-branded credit cards in partnership with Standard Chartered Bank. The cards, in three variants, will be offered to the bank's account holders," MD and CEO of Bandhan Bank, Chandrasekhar Ghosh, said.
"I hope this is a good match. Standard Chartered has a good experience in the credit cards business," he said.
The credit period offered will be of 52 days, Ghosh added.
The Kolkata-based lender has a customer base of 40 lakh spread across 1,000-odd branches in the country.
CEO of Standard Chartered Bank, Zarin Daruwala, said it will offer back-end support and look into the credit filters of applicants.
Meanwhile, Bandhan Bank, on Friday, celebrated its fourth anniversary. UK Sinha, former Chairman, Securities and Exchange Board of India (SEBI), graced the occasion as the chief guest and delivered the Anniversary Lecture on "Who is afraid of capital markets?".
Also, the bank launched a new savings account, called 'Elite', for high deposit
customers. The Elite International Debit Card offers free insurance coverage for the customer and a host of lifestyle privileges like airport lounge access among others. The Elite account also provides unlimited digital and ATM transactions along with preferential handling of banking service requests.