Current Affairs - Banking - Discussion

Discussion :: Banking - Latest Current Affairs (Q.No.259)

259. 

Name the Private sector lender who join hands with standard Chartered for co-branded credit cards.

[A]. Axis Bank
[B]. Bandhan Bank
[C]. IDBI Bank
[D]. Kotak Mahindra Bank

Answer: Option B

Explanation:

Private sector lender Bandhan Bank has entered into the partnership with multinational banking and financial services company, Standard Chartered Bank to provide co-branded credit cards to its 40 lakh savings bank account holders across the 1,000 branches of Bandhan. The co-branded cards are available in three variants. It includes,(i) One- for the mass market,(ii) Plus- for the affluent segment and(iii) Xclusive- for the premium segment. The credit period offered will be of 52 days. As part of this partnership, Standard Chartered Bank will take the risk of credit failure & Bandhan Bank will be responsible for identifying and issuing cards to its customers.

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