I have bind.exe, as part of Visual Studio C/C++ 6.0. It is in the
C:\Program Files\Microsoft Visual Studio\Common\Tools
directory.
I looked at it with a hex editor, and neither I nor my AV program (scanned it twice), see any indications that it's a virus**. It says it binds an image to a dll file. I haven't used it, and for an answer to your question, I'd refer you to the MSDN library.
**doesn't mean it couldn't be malware of some kind