Bandhan Bank Launches Products for International Trade
By Rediff Money Desk, Kolkata Jul 09, 2024 14:43
Bandhan Bank introduces new products for international trade, including letters of credit, remittances, and bank guarantees, to support SMEs and corporates.
![Bandhan Bank Launches Products for International Trade](https://im.rediff.com/money/2018/jan/02bandhan.jpg)
Kolkata, Jul 9 (PTI) Private lender Bandhan Bank on Tuesday said it has launched an array of products to facilitate international trade.
The bank said in a statement that the products have been designed to streamline various aspects of global trade by catering both to importers and exporters.
The lender launched products like letters of credit (LCs), remittances, bank guarantees, export-import collection bill and bill/invoice discounting among others.
The new products will empower SMEs and corporates to expand their businesses globally, while retail customers can make remittances to other countries.
MD & CEO of Bandhan Bank Chandra Shekhar Ghosh said "When we started as a universal bank, we were committed to provide banking solutions to address the needs of all the customers. The trade products are in line with that vision".
Executive Director and Chief Business Officer of Bandhan Bank Rajinder Babbar said that the lender is committed to navigating the complexities of international trade.
"With the launch of the trade products, we aim to provide robust financial solutions that empower businesses to expand their global footprint," he said. PTI dc
The bank said in a statement that the products have been designed to streamline various aspects of global trade by catering both to importers and exporters.
The lender launched products like letters of credit (LCs), remittances, bank guarantees, export-import collection bill and bill/invoice discounting among others.
The new products will empower SMEs and corporates to expand their businesses globally, while retail customers can make remittances to other countries.
MD & CEO of Bandhan Bank Chandra Shekhar Ghosh said "When we started as a universal bank, we were committed to provide banking solutions to address the needs of all the customers. The trade products are in line with that vision".
Executive Director and Chief Business Officer of Bandhan Bank Rajinder Babbar said that the lender is committed to navigating the complexities of international trade.
"With the launch of the trade products, we aim to provide robust financial solutions that empower businesses to expand their global footprint," he said. PTI dc
Source: PTI
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- GTL Infrastructure
- 2.93 ( -4.87)
- 226206286
- IFL Enterprises
- 1.30 (+ 4.84)
- 81461564
- Vodafone Idea L
- 16.79 (+ 0.66)
- 67447398
- NCL Research
- 0.95 ( -4.04)
- 31996628
- Franklin Industries
- 3.73 (+ 3.32)
- 21511209
MORE NEWS
![AlgoBharat & SEWA...](https://im.rediff.com/80-80/news/2018/feb/02health4.jpg)
AlgoBharat & SEWA Launch Digital Health Passport
AlgoBharat and SEWA partner to launch a blockchain-based Digital Health Passport,...
![Sensex, Nifty Hit...](https://im.rediff.com/80-80/money/2017/mar/16bse4.jpg)
Sensex, Nifty Hit Record Highs for 3rd Day |...
Indian stock markets closed at new highs on Tuesday, driven by gains in FMCG, telecom,...
![India's Gems...](https://im.rediff.com/80-80/money/2023/jan/27jewelry.jpg)
India's Gems & Jewelry Exports Decline...
India's gems and jewellery exports dropped 13.44% in June to Rs 15,939.77 crore,...