Current Affairs - Banking - Discussion

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.