StanChart Inks Agreements to Grow Global India Business
London-based Standard Chartered has signed new agreements to unlock access to business networks in Singapore and drive the growth of its global India business.
Standard Chartered has signed partnership agreements with the Singapore Indian Chamber of Commerce & Industry and the Institute of
Chartered Accountants of India in Singapore, according to a statement. These strategic engagements are aimed at deepening the bank’s global Indian proposition by «further unlocking access to Indian business networks in Singapore and enhancing presence within the community».
According to the bank, India's population of high net worth individuals has doubled in he past decade and this is projected to reach 1.6 million by 2027.
«Through local partnerships like these, we can strengthen the Bank’s relevance in key markets, solidify our differentiated proposition, and position ourselves to support and grow alongside this wave of wealth creation,» said James Lye, Standard Chartered’s global and Singapore international banking head, adding that there was growing demand in the global Indian community for cross-border banking and wealth solutions.
2024 Refresh
The latest agreements are part of broader efforts to refresh Standard Chartered's global Indian proposition, which first began in 2024.
At the time, the revamp included increased connectivity with the bank’s hubs in Singapore, Hong Kong, UAE and UK, a comprehensive set of global solutions, and access to a new affluent wealth center in Mumbai and lifestyle experiences.
Deepavali Celebrations
One such experience that the bank provided was a recently hosted exclusive Deepavali celebration in Singapore, which was attended by more than 200 clients across priority, private and corporate banking.
The event was headlined by renowned Hindi playback singer Sonu Nigam and featured a traditional Diya lighting ceremony as well as a classical sitar and tabla performance.
