Banks / Standard Chartered Bank

Standard Chartered Bank (India Branches)

Foreign Bank Branch of Standard Chartered PLC (UK) Operating in India since 1858
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๐Ÿฆ Bank Overview

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India Head Office
Crescenzo, 3rd Floor, C-38/39, G Block, Bandra Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra
๐Ÿ‘ค
CEO, India
P D Singh (Prabal Deep Singh)
๐Ÿ“…
Operating in India Since
1858 (as The Chartered Bank of India, Australia and China) ยท one of the oldest foreign banks in India; Standard Chartered formed in 1969 via merger with Standard Bank
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Official Website
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Ownership
Branch of Standard Chartered PLC (UK) โ€” not a separately incorporated Indian subsidiary
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Network
~100 branches across ~42-43 cities in India โ€” a smaller retail footprint than domestic banks by design, with strength in corporate, trade finance, priority & wealth banking

๐Ÿ‘ฅ Leadership โ€” CEO, India

Current

P D Singh

CEO, India (and South Asia), Standard Chartered Bank โ€” in office since 1 April 2025, succeeding Zarin Daruwala. Has close to three decades in banking; was previously Chief Executive Officer of JPMorgan Chase Bank in India, where he was a founding member shaping its corporate banking franchise, and before that spent a decade at HSBC in senior corporate & commercial banking leadership roles.

Note on structure

Standard Chartered's India operations are run as branches of Standard Chartered Bank, incorporated with limited liability in the United Kingdom โ€” not as a separately incorporated Indian banking subsidiary. As a result, the top executive holds the title CEO, India (sometimes styled "Cluster CEO, India and South Asia markets") rather than "MD & CEO" or "Chairman," and the bank's India financial statements are filed as "Standard Chartered Bank โ€“ India Branches."

Last Three CEOs, India

NameTenureNotable Period
Zarin Daruwala2016 โ€“ 31 March 2025Joined from ICICI Bank; led digital transformation and a strategic pivot toward wealth/priority banking, including the 2024 sale of the retail personal-loan book to Kotak Mahindra Bank
Sunil Kaushal~2012 โ€“ 2016Regional CEO, South Asia & CEO India; later became Standard Chartered's Regional CEO for Africa & Middle East
Neeraj Swaroop~2007 โ€“ 2012India & South Asia CEO; relocated to Singapore as Regional CEO, South East Asia

Tenure years marked ~ are approximate based on available public reporting; see the bank's official leadership page for current details.

๐Ÿ“ž Customer Care & Locators

Customer Care Email

Postal: Standard Chartered Bank Customer Care Unit, 19 Rajaji Salai, Chennai - 600001

Toll-Free (Unauthorised/Suspicious Transactions, 24ร—7)
1800 258 6465 / 1800 102 4734

Personal Banking Support (8amโ€“8pm): 080-4924 8444 / 044-4762 8444

Credit Card Helpline (24ร—7)
1800 345 5000

SMS "balance"/"help" to 9980033333 from your registered mobile number for quick self-service

๐Ÿ’ผ Products & Services

๐Ÿ’ฐ Loans

  • Home Loan
  • Personal Loan
  • Business Instalment Loan / SME Loans
  • Loan Against Property
  • Loan Against Securities/Shares
  • Overdraft against Fixed Deposit
  • Trade & Working Capital Finance (corporate)

๐Ÿฆ Deposits

  • Savings Account (incl. Priority & Priority Private)
  • Current Account (Business/Corporate)
  • Fixed Deposit (incl. Flexi/Smart Deposits)
  • Recurring Deposit
  • Tax Saver Fixed Deposit
  • NRE / NRO / FCNR Accounts

Note: retail branch/deposit footprint is smaller than large domestic banks โ€” Standard Chartered India focuses more on corporate, priority and wealth-banking relationships than mass-market retail.

๐Ÿ“ฑ Digital & Forex

  • SC Mobile App & Online Banking
  • UPI
  • Foreign Exchange & Trade Finance โ€” leverages StanChart's global network
  • Outward/Inward Remittances (SWIFT)
  • Forex/Travel Cards
  • Cash Management & Supply Chain Finance (corporate)

โž• Other Services

  • Wealth Management & Investment Advisory
  • Priority Banking / Priority Private
  • Corporate & Institutional Banking
  • Credit Cards
  • Bancassurance (Life & General Insurance)
  • Mutual Funds & Demat
  • Safe Deposit Locker

๐Ÿ“ˆ Interest Rates

Loadingโ€ฆ

Domestic/NRO Term Deposit rates below (for deposits under โ‚น2 crore) are fetched live from Standard Chartered India's official rates page where possible. If the live fetch is unavailable, the last published rates are shown instead.

Fetching live ratesโ€ฆ

๐Ÿ“Š Financial Results (India Branches)

MetricFY 2024-25 (Mar 2025)FY 2023-24 (Mar 2024)FY 2022-23 (Mar 2023)
Net Profit (Full Year, India Branches)โ‚น1,873 Crโ‚น3,730 CrNot extracted โ€” see note
Total Depositsโ‚น1,45,896 Crโ‚น1,44,086 Crโ‚น1,32,583 Cr
Total Advancesโ‚น84,958 Crโ‚น87,076 Crโ‚น85,880 Cr
Total Assets (Balance Sheet size)โ‚น2,58,909 Crโ‚น2,37,130 Crโ‚น2,28,486 Cr
Gross NPA / Net NPA / CRARDisclosed in the Bank's audited annual report & Basel III Pillar 3 filing, but the exact ratios could not be reliably extracted from the published PDF for this page โ€” see the official annual report linked below rather than relying on a re-typed figure here.
Unlike listed domestic banks, Standard Chartered's India operations (filed as "Standard Chartered Bank โ€“ India Branches") are branches of a UK-incorporated bank and do not publish the same quarterly retail-style investor results as Indian-listed banks. Figures above are compiled directly from the Bank's own audited annual financial statements for India branches (Balance Sheet & Profit and Loss Account), cross-checked against each report's opening-balance figures. FY2025-26 audited full-year figures are not yet published as of this writing (audited India-branch accounts for a March year-end are typically released a few months after close). Always verify exact figures on Standard Chartered India's official Annual Results page before making financial decisions.

๐Ÿ›๏ธ RBI Regulatory Information (As on Date)

Regulator
Reserve Bank of India, under the Banking Regulation Act, 1949 (foreign bank branch licensing framework)
Bank Category
Scheduled Commercial Bank (Foreign Bank) โ€” operates via branches, not a locally incorporated subsidiary
D-SIB Status
Not applicable โ€” Domestic Systemically Important Bank (D-SIB) classification applies only to domestically incorporated banks. Standard Chartered India is regulated as a branch of a foreign bank under RBI's licensing & prudential framework for foreign bank branches in India
Minimum CRAR Required
11.5% (9% minimum + 2.5% Capital Conservation Buffer, Basel III) for foreign bank branches, per RBI norms
PCA Framework
Not under RBI's Prompt Corrective Action framework
Deposit Insurance
DICGC cover up to โ‚น5,00,000 per depositor per bank (applies to Indian deposits, including foreign bank branches)
Grievance Redressal
RBI Integrated Ombudsman Scheme, 2021 โ€” toll-free 14448

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