Standard Chartered Bank launches Four New Branches

Becomes the first International Bank to establish its presence in Mathura, Dehradun, Saharanpur, and Proddatur

Standard Chartered Bank, India's largest international bank, will further strengthen its presence with the launch of four new branches at Mathura and Saharanpur in Uttar Pradesh, Dehradun in Uttaranchal, and Proddatur in Andhra Pradesh. Standard Chartered will become the first international bank to establish its presence in these locations, which are under-banked relative to their needs. The new launches will take the total number of Standard Chartered branches in India to 94 spread across 37 cities, the widest footprint offered by any international bank in the country.

All four branches will offer a range of banking services in these centres such as savings products, including no-frills accounts, investment services, and corporate payment solutions. Customers will also enjoy the expertise of a highly specialized team of financial experts to help them make the best of their banking experience.

Shyam Srinivasan, Country Head, Consumer Banking, India said, “The expansion of our footprint in under-banked regions underlines our commitment to India. Many of these under-banked centres are growing and have the need for more savings and investment products. India has the second highest number of financially excluded households after China, and we are well positioned to provide customers in these centres the opportunity to benefit from our world class products and services.”

Standard Chartered has continued to invest in India, which is now the Bank’s second largest market globally.  Earlier this year, the bank strengthened its presence in the National Capital Region with the opening of a new office facility with a state-of-the art branch in Gurgaon

Standard Chartered Bank in India
Standard Chartered Bank is India’s largest international bank and will have 94 branches across 37 cities by the end of this year. The bank has a combined customer base of around 2 million retail customers and more than 2,000 corporate and institutional relationships. Key businesses comprise Consumer Banking, including deposits, loans, wealth management, private banking and SME banking; and Wholesale Banking, which includes cash transaction banking, treasury, corporate finance and custody services. For more information, visit www.standardchartered.co.in