Bandhan Bank Tie up with Standard Chartered Bank

Published on August 26, 2019
Current context: Bandhan Bank tied-up with Standard Chartered Bank (SCB) India to launch co-branded credit card for its customers.
Bandhan Bank Tie up with Standard Chartered Bank
  • Zarin Daruwala, SCB India CEO has said that under the partnership, they will issue credit cards to Bandhan Bank’s customers.
  • The SCB will issue three types of co-branded cards -
    1. For the mass market
    2. For the affluent segment
    3. For the premium segment
  • The credit card will be offered across the 1,000 branches of Bandhan Bank, to about 40 lakh savings bank account holders.
  • Bandhan Bank’s growth of the current account and savings account (CASA) over the past 4 years is the deciding factor for the collaboration. CASA accounts for nearly 36% of Bandhan Bank’s total deposit base of about ₹43,000 crore.
  • Standard Chartered Bank has been growing at 15-20% on a y-o-y basis and has 100 branches in India.
  • Chandra Shekhar Ghosh is the MD and CEO of Bandhan Bank.

Question: 

Q.1 Standard Chartered Bank has recently tied-up with which bank to issue a co-branded credit card to that bank’s customers?
a. Dena Bank
b. HSBC
c. Bandhan Bank
d. Punjab National Bank

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