Chennai Welcomes South India's Largest International Banking Hub

Standard Chartered Bank has launched its second International Banking Centre in Chennai, South India's largest, following an earlier opening in Mumbai. Catering to high-net-worth individuals, it offers investment, international banking, and cross-border wealth solutions to global Indian clientele.

Standard Chartered Bank has made a significant mark in the banking landscape by opening its second International Banking Centre in Chennai, designated as the largest in South India. Following the successful inauguration of its Mumbai counterpart last month, this facility aims to address the wealth and banking needs of affluent individuals.

The Chennai centre provides a comprehensive range of services, including access to international investment opportunities, cross-border wealth management, and lending solutions. This follows the bank's strategy of expanding its footprint to cater specifically to the needs of the global Indian clientele, according to Aditya Mandloi, Managing Director and Head of Wealth and Retail Banking for India and South Asia.

As part of its offerings, clients can diversify their investment portfolios across global markets, leveraging Standard Chartered's expansive international network. Meanwhile, the bank continues to maintain a robust presence with 100 branches in 42 cities, focusing on corporate, investment, and retail banking sectors.

(With inputs from agencies.)