Stanchart Division Heads To Report To Singapore

The Standard Chartered group has changed its reporting structure in India. The largest foreign bank in the country has shifted from the country model to a segmented business model. With this change, the heads of corporate & institutional banking as well as consumer banking of Stanchart in India will report to group executive directors of the respective businesses in Singapore. Jaspal Bindra will continue to be the country head.

Speaking to Business Standard from London, the Standard Chartered group's communications director Tim Halford said: "India has become too big a market. It