Calcutta, Feb. 9: Bandhan Bank has expanded its customer services by introducing Visa international debit cards and banking facility for non-resident Indians.
Chandra Shekhar Ghosh, managing director and chief executive officer of Bandhan Bank, today said since starting in August last year, the bank has collected deposits of around Rs 7,500 crore and expanded total advances to Rs 13,500 crore.
The bank hopes to grow its total business by around 30 per cent next fiscal. The growing business has prompted the bank to introduce additional services for its accountholders.
The debit cards will be offered in two variants - Visa Classic and Visa Platinum. The classic debit card-holders will have a daily cash withdrawal limit of Rs 40,000. The platinum debit cards will have a withdrawal limit of Rs 1,00,000.
The cards will be accepted globally at over 30 million Visa merchants and 2 million ATMs.
However, the bank has no immediate plans to foray into the credit card segment.
Ghosh said remittance was a significant growth area for banks with favourable interest rates in the country. "An NRE account will offer banking services to non-resident Indians who want to transfer their money to the country and participate in the financial inclusion," he said.
Bandhan Bank began its operation with 510 branches and 50 ATMs. Its network has now expanded to 612 branches and 203 ATMs, covering 8 million accountholders.





