Bandhan Bank launches new trade products to boost global business transactions

Bandhan Bank today unveiled a new suite of trade products aimed at enhancing the efficiency and security of global business transactions. This launch is a strategic move to support both SME and corporate customers, as well as retail clients involved in international trade. The array of products includes Remittances, Letters of Credit (LCs), Bank Guarantees (BGs), Export Import Collection bills, and bill/invoice discounting solutions, tailored to meet the diverse needs of businesses engaging in global markets.

The new trade products introduced by Bandhan Bank are designed to streamline various aspects of international business transactions, ensuring smoother operations and greater financial flexibility. This initiative is part of Bandhan Bank’s commitment to bolstering confidence in global trade transactions by providing robust financial tools that enable businesses to expand their global footprint securely and with confidence.

Rajinder Babbar, Executive Director and Chief Business Officer at Bandhan Bank, commented on the launch: “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.”

The newly launched products cater to a wide range of business operations, supporting both import and export activities. They are designed to address the specific challenges faced by businesses involved in international transactions, offering solutions that reduce risks and enhance transactional efficiency. This comprehensive support is expected to be particularly beneficial for SMEs looking to scale their operations internationally without the burden of navigating the financial complexities typically associated with global trade.

Chandra Shekhar Ghosh, Managing Director and CEO of Bandhan Bank, also added his perspective: “When we started Bandhan Bank as a universal bank, we were committed and continue to be committed to provide 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 and customer-centricity, and truly being a bank for all.”

The introduction of these sophisticated financial instruments by Bandhan Bank is a significant step forward in its strategy to serve the varied needs of its clientele engaged in international commerce. By offering customized solutions for global transactions, Bandhan Bank not only strengthens its portfolio but also reinforces its position as a leader in facilitating business growth and economic expansion on a global scale.