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Standard Chartered India Reviews

Mumbai, Maharashtra

4.5/ 5

2 reviews

Standard Chartered India, officially operating as Standard Chartered Bank India Branches, is the country's largest foreign bank by branch network and one of its oldest continuous financial institutions. It operates as a foreign branch of its ultimate parent company, Standard Chartered PLC, which is headquartered in London, United Kingdom. The history of the bank in India dates back to 1858, when its predecessor, The Chartered Bank of India, Australia and China, established its very first branches in Kolkata and Mumbai. Over its 165-plus years of operations, the bank has grown to establish a major footprint across the nation, managing a network of approximately 100 branches and 279 ATMs across more than 40 major cities, with its primary Indian headquarters located in the Bandra Kurla Complex in Mumbai. The bank's business model in India is deeply diversified, focusing heavily on bridging domestic market opportunities with international cross-border trade and investment capabilities. Its core business segments are broadly organized into Corporate and Investment Banking as well as Wealth and Retail Banking. Through these verticals, Standard Chartered India provides an expansive suite of financial products and services, including retail deposits, comprehensive wealth management solutions, institutional cash management, trade financing, foreign exchange risk mitigation, and digital banking platforms via its mobile applications. In recent years, the branch has actively refreshed its domestic strategy, shifting focus toward higher-end wealth clients and affluent retail segments, which included selling its personal loan portfolio to Kotak Mahindra Bank in 2024. Beyond its core banking operations, the broader Standard Chartered Group maintains a powerful complementary ecosystem within India. This includes Standard Chartered Capital Limited, a systemically important non-banking financial company offering tailored corporate and SME lending solutions; Standard Chartered Securities India Limited, which handles retail brokerage; and an active banking presence inside India’s International Financial Services Centre at GIFT City in Gujarat. Furthermore, its Global Business Services division employs thousands of personnel in massive technical centers, such as its integrated campus in Chennai, providing global operations support. In terms of leadership and financial standing, the Indian franchise remains a top contributor to the global group’s overall profitability. For the fiscal period ending in 2023, the branch recorded a substantial net income of 21,648 crore INR, managing a vast asset base of over 237,000 crore INR. Following the planned retirement of long-serving chief executive Zarin Daruwala in early 2025, the bank's executive management in India is overseen by Chief Executive Officer Prabdev Singh. Standard Chartered India continues to position itself as a trusted partner for sustainable finance, green energy initiatives, and next-generation digital banking infrastructure.