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• Standard Chartered Bank

Standard Chartered Bank

Standard Chartered Plc is a British bank having headquarters in London and has more than 1400 branches in 70 nations. We have a enthusiastic team offering services like Wealth Management, Investment Banking, Consumer Banking, Mortgage Loans, Corporate Banking, Credit Cards, Debit Cards, Savings Account, Net Banking, and the Statement Facilities.

History of Standard Chartered Bank

Standard Chartered Bank is a leading Multinational and Financial Services company present in 150 nations of the world. The most interesting component is the Standard Chartered Bank gets the financial operations done through Asia and African regions. The Government of Singapore owned Temasek Holdings and the Financial Stability Board are the major shareholders of this bank. 

The headquarters of the Standard Chartered Bank is located in London in UK. The Chartered Bank started functioning when Queen Victoria granted a Royal Charter to Sir James Wilson in 1853. Furthermore, this bank opened the branches in Shanghai, Mumbai and Kolkata. After this it opened its branches in South Africa, Nigeria, Zimbabwe and Hong Kong. In 1986 Lloyds Bank PLC decided to take over the group but it was defeated. 

We also introduced Standard Chartered Breeze, a mobile banking application for the iPhone and the iPad that is also compatible with the computers. Mr. Jose Maria Vinels Iniguez is a leading spanish business man and banker is also the Chairman of the Standard Chartered Bank and Bill Winters is the Chief Executive Officer of the bank.

Banking Services offered by Standard Chartered Bank

There are various banking services offered by the Standard Chartered Bank and they are given below as follows:

• E-Statement.
• Fixed Deposit.
• Trade Finance.
• Online Security.
• Mobile Banking.
• Private Banking.
• Priority Banking.
• Security Service.
• Savings Account.
• Current Account.
• Locker Services.
• Premium Banking.
• Rate of Exchange.
• Foreign Exchange.
• Consumer Banking.
• Corporate Banking.
• Investment Banking.
• Asset Management.
• Deposit Guarantees.
• Wealth Management.
• Commodity Finance.
• Transaction Banking.
• Institutional Banking.
• RTGS and NEFT Services.
• Debit and Credit Card Service.
• Personalised Bank Passbook.
• Personalised Cheque Book Services.
• Corporate salaries of different Hospitals and Organisation.

Loans and credit facilities provided by Standard Chartered Bank

There are various credit and loan services offered by the Standard Chartered Bank and they are:   

• Gold Loan.
• Term Loan.
• Home Loan.
• Vehicle Loan.
• Property Loan.
• Personal Loan.
• Business Loan.
• Mortgage Loan.
• Consumer Loan.
• Professional Loan.
• Loan against Property.
• Loan against Securities.
• Loan against Term Deposits.

Legal Issues

• Standard Charted was fined USD 13.6 million by the Enforcement Directorate for foreign exchange rule violations in its 2007 takeover of the Tamil Nadu Mercantile Bank Limited.
• In August 2012 Standard Chartered paid USD 340 million to the New York Finance Department over hidden asset charges with the Iranian Government to evade the US Sanctions.
• During 2019 Standard Chartered paid USD 1 Billion to the UK Government and US Treasury Department due to the money laundering activities and violating the existing sanctions against Myanmar, Cuba, Zimbabwe, Syria, Iran and Sudan.

Awards and Recognition

• Best International Private Bank in India 2022 at the Asia Money Private Banking Awards.
• The Bank has been named as a ‘SILVER’ Employer in the India Workplace Equality Index 2020.
• BankingTogether campaign wins Gold Award at India Content Leadership Awards and Conference – ICL 2020.
• Standard Chartered Bank, India featured in Exchange 4 media’s detailed list of top 25 brands with Best In-house Communications Professionals 2020. 
• Standard Chartered Bank, India got the highest  Asset Under Managements in the banking channel at the Kotak You &I Awards 2020, presented by Kotak Mutual Fund in Mumbai.
• Standard Chartered Bank, India is rated as best bank in two categories – 'Knowledge of Transaction Banking Needs' and 'Coordination of Product Specialists' in the 2020 edition of the Greenwich Excellence Awards.

Standard Chartered Bank has 107 IFSC connected branches in India. Bank has branches in following states:

ANDHRA PRADESH
ASSAM
BIHAR
CHANDIGARH
DELHI
GUJARAT
HARYANA
KARNATAKA
KERALA
MADHYA PRADESH
MAHARASHTRA
ODISHA
PUNJAB
RAJASTHAN
TAMIL NADU
UTTAR PRADESH
UTTARAKHAND
WEST BENGAL