Bandhan Bank has launched a comprehensive suite of products aimed at facilitating international trade. Designed to streamline various aspects of global trade, these new offerings cater to both importers and exporters.
In a statement, the bank highlighted the introduction of products such as Letters of Credit (LCs), remittances, bank guarantees, export-import collection bills and bill/invoice discounting. These products are tailored to meet the diverse needs of businesses engaged in international trade.
The newly-launched products are set to empower SMEs and corporates to expand their operations, globally. Additionally, retail customers will benefit from enhanced capabilities to make remittances to other countries, simplifying the process of transferring money across borders.
Speaking in this regard, Chandra Shekhar Ghosh, Managing Director and CEO, Bandhan Bank, said, “When we started as a universal bank, we were committed to providing banking solutions to address the needs of all our customers. The trade products are in line with that vision,” he said.
The introduction of new products reflects Bandhan Bank’s ongoing efforts to enhance its service offerings and support the growth and expansion of its customers’ businesses on a global scale. By offering tailored financial solutions, the bank aims to facilitate smoother and more efficient international trade operations for its diverse customer base.
Rajinder Babbar, Executive Director and Chief Business Officer, Bandhan Bank, also said, “With the launch of the trade products, we aim to provide robust financial solutions that empower businesses to expand their global footprint.”
