Bandhan Bank Launches Enhanced Trade Products

On July 08, 2024, Bandhan Bank introduced a range of trade products to support global business transactions. These products aim to simplify and secure international operations, providing businesses with more financial flexibility. They are designed for both importers and exporters, offering customised solutions to meet various business needs and enhance confidence in global trade.

In response to the developing demands of customers involved in international trade, Bandhan Bank has launched products such as Remittances, Letters of Credit (LCs), Bank Guarantees (BGs), Export-Import Collection bills, and bill/invoice discounting. These new offerings will help SME and corporate customers expand their global operations, while retail customers can also use these services for remittances to other countries.

Rajinder Babbar, ED and Chief Business Officer of Bandhan Bank, says, “We are committed to supporting our customers in navigating the complexities of international trade. With the launch of these enhanced trade products, we aim to provide robust financial tools that empower businesses to expand their global footprint with confidence. Our focus remains on delivering excellence and value, ensuring that our customers achieve their business objectives efficiently and securely.”

Chandra Shekhar Ghosh, MD and CEO of Bandhan Bank, added, “When we started Bandhan Bank as a universal Bank, we were and continue to be committed to providing banking solutions to address the needs of all customers. The enhanced trade products launched are in line with that vision. The new products underscore our long-standing commitment to innovation, customer-centricity, and truly being a bank for all.”

About Bandhan Bank

Bandhan Bank started as a universal bank on August 23, 2015, and has become one of India’s fastest-growing private banks. The bank is committed to financial inclusion, aiming to serve the often underserved and bridge the gap for those who lack easy access to traditional banking services. It offers a variety of banking products and services, including loans, deposit accounts, internet and mobile banking, and ATM services, mainly targeting semi-urban and rural customers.

On July 9, 2024, Bandhan Bank Limited’s share price opened at ₹205.00, touching the day’s low at ₹202.63 as of 09:34 AM on the NSE.

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