Standard Chartered Bank
Standard Chartered is British bank established in the year of 1969 by merging two Banks namely Chartered Bank of India, Australia and China and the Standard Bank of British South Africa.
Basically, it is a product of colonial period and its main business concentrated on former British colonies.
In 2000, Standard Chartered Bank acquired Gridley’s Bank. Presently, the bank focuses on two segments such as whole banking and consumer banking.
Standard Chartered operates over 1600 branches in more than 50 countries across the world including England, India, Malaysia, Pakistan, Taiwan and Hong Kong. In December, 2008 American Express Bank was taken over by the Standard Chartered Bank Standard Chartered is an important foreign bank in India and enjoys a strong customer base with its wide range of products and services..
Standard Chartered Bank in India
The first branch of Standard Chartered was opened in Calcutta (Kolkatta) in the year 1858, the erstwhile commercial capital of India. The opening of Suez Cannel in 1869 for trade facilitated opening of 2nd branch at Bombay (Mumbai) and was made as the head office for Indian operations.
The bank today operates over 83 locations. Its customer base has grown steadily and today it enjoys a customer base over 2.4 million including corporate as well as retail customers.
Standard Chartered offers various financial products and services aiming different types of customers. This bank in India provides spectrum of services with its sophisticated and technologically advanced infrastructure and fully trained staff.
The services include Personal Banking, Debit / Credit Cards, Portfolio Management, etc. Apart from conventional banking services, it also is engaged in providing Insurance, Mutual Funds, Finical Advisory Services, Asset and Wealth management services.
For business and corporate customers it offers an array of products and services such as Cash Management, Treasury Management, Custodian Services, Trade Finance, Foreign Exchange Management, Venture Capitals, etc. Besides regular banking services, it also provides round the clock Phone Banking Services and Online Banking services.