Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
StanChart to focus on multi-product retail relationships
Business Standard
|September 26, 2025
No plans to add branches beyond the current 100
In India, UK-headquartered Standard Chartered Bank's (StanChart's) retail strategy will focus on cultivating multi-product relationships with clients, emphasising cross-selling its various products to wealthy and affluent customers, rather than retaining single-product clients, said P D Singh, the bank's chief executive officer for India and South Asia
Singh said that, at this point, the bank does not see the need to add more branches, which currently number 100 across 42 cities. The focus is on consolidating the bank's footprint and establishing large-format branches in the form of "priority centres". The bank plans to increase the number of such centres to 21 by the end of 2025-26.
This story is from the September 26, 2025 edition of Business Standard.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Business Standard
Business Standard
Income tax compliance: Gains and gaps
Despite mandatory compliance provisions, the share of nil returns remains high for both individuals and companies
3 mins
November 28, 2025
Business Standard
Bandhan Bank to sell unsecured NPAs worth nearly ₹7,000 crore
Kolkata-headquartered private sector lender Bandhan Bank on Thursday informed the exchanges that it will sell unsecured retail bad loans, including written-off accounts, worth ₹6,931.31 crore to asset reconstruction companies (ARCs) and other permitted entities, marking one of the largest retail loan sale exercises by a private sector bank. Most of these bad assets are from the bank's micro loan portfolio.
2 mins
November 28, 2025
Business Standard
Planting the seeds of change
A draft law, planned amendments to an Act, and a global treaty under negotiation. These dynamics are converging to reshape how plant and seed varieties are regulated, protected, and shared in India
4 mins
November 28, 2025
Business Standard
'Stainless steel industry deserves dedicated policy'
The Indian stainless steel industry deserves a dedicated policy rather than a mere chapter integrated into the National Steel Policy of 2017 as being planned by the government, according to Abhyuday Jindal, managing director, Jindal Stainless Ltd (JSL).
1 mins
November 28, 2025
Business Standard
Bank credit to improve to 11.5-12.5% in FY26
Indian banks are expected to deliver a stronger performance in 2025-26 (FY26) with improved asset quality and credit growth showing signs of revival, according to CareEdge Ratings.
1 min
November 28, 2025
Business Standard
Unless unnerved by volatility, avoid locking in losses by exiting
Bitcoin, which touched a peak of $125,261 on October 6, 2025, is now trading at $91,691, down 26.8 per cent from its recent high. The correction has triggered nervousness among investors.
2 mins
November 28, 2025
Business Standard
Putin: US-Ukraine draft could form basis for peace deal
>RUSSIAN PREZ DEFENDS TRUMP ENVOY, SAYS HE IS NOT TOO PRO-RUSSIAN > > MOSCOW COULD SIGN PLEDGE NOT TO ATTACK EUROPE, HE SAYS
2 mins
November 28, 2025
Business Standard
SC to take up plea on Delhi pollution on December 3
The Supreme Court on Thursday agreed to hear on December 3 a plea concerning the deteriorating air quality in the Delhi-NCR, saying the issue needed to be monitored on a regular basis.
1 min
November 28, 2025
Business Standard
Innovation as a moral imperative
BOOK REVIEW
3 mins
November 28, 2025
Business Standard
ICICI Pru AMC IPO gets Sebi nod, set for launch in Dec
ICICI Prudential Asset Management Company (AMC) has secured approval from the Securities and Exchange Board of India (Sebi) for its initial public offering (IPO) estimated at around 10,000 crore, said people aware of the development.
1 mins
November 28, 2025
Listen
Translate
Change font size