Standard Chartered Launches 100th Branch in India

Standard Chartered (the Bank) has opened its 100^th branch in India – the largest network by far offered by any international bank. The Bank has deepened its presence in Uttar Pradesh by launching a full-service branch in Nakatia in Bareilly District where it will offer a wide-ranging suite of products and services. This is the 7th branch the Bank has opened in Uttar Pradesh, complementing its existing branches in Kanpur, Lucknow, Allahabad, Agra, Mathura and Saharanpur.

Speaking on the launch, Sunil Kaushal, Regional Chief Executive, India & South Asia, Standard Chartered Bank said, “Standard Chartered has a proud history in India stretching back to 1858 and we have always strived to offer best-in-class banking to our customers across the country. Uttar Pradesh has always been a key market for us and I am delighted that we are deepening our presence in the state with our landmark 100^th branch in Nakatia. We are confident that the people of Nakatia will benefit from the services we are offering out of our new branch.”

The 100^th branch, located at Ground Floor, Khasra No – 356 & 357 at Nakatia in Bareilly District will offer a range of banking services including savings products, current and term deposit products and no-frills accounts. Customers will also enjoy the expertise of a team of financial experts to help them make the best of their banking experience. With this new branch, Standard Chartered increases its employee strength to more than 80 in Uttar Pradesh. This new branch is easily accessible from the city centre and is well poised to support the growth of the local economy of the region which primarily comprises of small and medium enterprises pertaining to zari-zardosi embroidery work, sugar and bamboo and cane furniture.

Standard Chartered is committed to contributing towards various causes of community development. The Bank recently made a contribution of Rs. 1 crore (USD 166,667) towards relief work for those affected by the floods in Jammu & Kashmir, supporting the creation of emergency shelter units, promoting awareness about hygiene as well as provide non-food relief items to 5,000 families who had been badly affected by this natural disaster.

Notes to Editors

Standard Chartered

We are a leading international banking group, with more than 86,000 employees and a 150-year history in some of the world’s most dynamic markets. We bank the people and companies driving investment, trade and the creation of wealth across Asia, Africa and the Middle East, where we earn around 90 per cent of our income and profits. Our heritage and values are expressed in our brand promise, Here for good.

Standard Chartered PLC is listed on the London and Hong Kong Stock Exchanges as well as the Bombay and National Stock Exchanges in India.

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Standard Chartered Bank in India

Standard Chartered Bank is India's largest international bank with 100 branches in 43 cities, a combined customer base of around 2 million retail customers and around 2500 corporate and institutional relationships. Key client segments include Corporate & Institutional Clients, Commercial & Private Banking Clients as well as Retail Clients. The various product groups offered include Corporate Finance, Financial Markets, Transaction Banking, Wealth Management as well as Retail Products.

For more information, visit https://www.sc.com/in/

For further information please contact:

Kunal Pradhan

Head – Media Relations

Standard Chartered Bank

Tel: +91 9819738321

Email: kunal.pradhan@sc.com