StanChart to continue focus on wealth management in India: Senior executive

Credit card 'core business' but will avoid competing with the country's private banks, says Kusal Roy

Standard Chartered’s India strategy will focus on wealth management while credit card will remain core to its business though will avoid competition with the country’s private banks, said a senior executive of the British lender.

“Our focus on wealth management and affluent clients are central to our existence. We are strong in these areas and we want to grow in these areas. We cannot compete with the might of private banks in mass market business,” said Kusal Roy, head - consumer, private and business banking, Standard Chartered Bank, India.

“We have doubled revenues from the wealth management and affluent business