Current Affairs

Bandhan Bank Tie up with Standard Chartered Bank

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
Bandhan Bank Tie up with Standard Chartered Bank Bandhan Bank Tie up with Standard Chartered Bank Reviewed by Neha Verma on August 26, 2019 Rating: 5

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