August 28, 2016 3:22 PM ET

Banks

Company Overview of Standard Chartered Bank India

Company Overview

Standard Chartered Bank India provides banking products and services to individuals and businesses in India. It offers current accounts, savings accounts, employee banking accounts, term (fixed) deposits, and foreign currency deposits; personal, mortgage, and home loans; debit and credit cards; and online banking, mobile banking, and phone banking services. The company also provides investment products, such as mutual funds, equity mutual funds, balanced funds, tax saving funds, equity PMS, fixed income funds, liquid mutual funds, deposits, loan against securities, structured notes, private equity funds, real estate funds, and foreign exchange solutions; life, home, health and accident, and ...

Crescenzo, 3rd Floor

C – 38 /39, G – Block

Behind MCA Club

Bandra Kurla Complex, Bandra (East)

Mumbai,  400 051

India

Founded in 1858

Phone:

91 22 2675 7793

Fax:

91 22 2675 9002

Key Executives for Standard Chartered Bank India

Chief Executive Officer
Age: 52
Head of Consumer Finance and Chief Executive Officer of Prime Financial India
Chief Executive Officer of Asia-Pacific
Age: 55
Executive Director and Group Chief Executive of Standard Chartered PLC
Age: 54
Chief Executive for India and South Asia
Age: 50
Compensation as of Fiscal Year 2016.

Standard Chartered Bank India Key Developments

Standard Chartered Bank India Appoints Zarin Daruwala as Chief Executive Officer

Standard Chartered Bank announced that Zarin Daruwala has been appointed as Chief Executive Officer of bank.

Standard Chartered to Announce Job and Pay Cuts

Standard Chartered to announced job and pay cuts at senior level in India, as well as in other regions as it moves to achieve the overall cost reduction goal of $1.8 billion by 2017. A few positions at the managing director level could go as the bank plans to reduce such positions by a quarter across geographies since it wants to save capital. There could be up to a 25% cut in staff in the top four executive bands of the bank. The bank's Indian business slumped to a loss in the first half of 2015, due to higher provisions as the bank had to set aside more money to cover for rising non-performing assets.

Standard Chartered PLC Announces Directorate Changes

The Board of Directors of Standard Chartered PLC announced the appointment of Naguib Kheraj as Senior Independent Director effective from 16 June 2015. Naguib has been an independent Non-Executive Director of the Company since January 2014 and has chaired the Audit Committee since May 2014. He is also a member of the Governance and Nomination Committee, the Board Risk Committee and the Board Financial Crime Risk Committee. Naguib replaces Ruth Markland as Senior Independent Director who, as previously announced, will step down from the Board by the end of 2015.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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