What it Does: Standard Chartered Bank (SCB) offers a wide range of financial products and services for private banking customers and institutional clients in emerging markets. They also provide corporate banking services to major multinational companies worldwide on an international scale.
Mission: The goal at Standard Chartered Bank is to be the most trusted bank in the world, a bank where clients can grow their business and save and borrow money.
Size and Presence: Standard Chartered Bank has a total of 612 branches in India, including 60 international branches. It has a large number of Indian employees, with over 12,000 staff in India. The bank has been operating in India since 1969 and is one of the largest foreign banks in the country. The bank has over 1,200 ATMs across the country.
Best Known For: Standard Chartered Bank is best known for its sponsorship of the New York Philharmonic and for being the first bank to introduce the world's first global banknote.
The Good Bits: The people in the company are great, and there is a good sense of camaraderie in the place. People here are very friendly, helpful, and willing to go out of their way to help you when needed.
The Not So Good Bits: Employees are sometimes overworked and underpaid.
The Standard Chartered Bank was established in London in 1969. The bank has been operating in Pakistan since 1858 and has been listed on the Karachi Stock Exchange since 1970. It is a multinational bank with a presence in over 70 countries, including the United States, China, India, and the Middle East. The bank has been operational in India for more than 160 years, which makes it one of the oldest foreign banks. The bank has about 100 branches in India.
Standard Chartered Bank has over 20 million customers worldwide and offers a wide range of services, including retail banking, wholesale banking, corporate banking, treasury solutions, and securities services. The bank employs over 90,000 people worldwide and operates around 1,400 branches globally.
The culture and vibe at Standard Chartered Bank are very relaxed. The people are smart and friendly, and there is very little hierarchy. The dress code is pretty casual, although you will see some people in suits during client visits or presentations.
The Standard Chartered Bank Recruitment Process in India is a combination of online exams, group discussions, and personal interviews. The online exam is conducted through the online mode, and both the group discussion and personal interview are conducted in the offline mode.
The company provides its employee's opportunities to develop their skillsets through training programmes and opportunities to progress within the company. They will have access to their internal career portal, which gives details of how different roles within the company are structured and what is necessary for each role.
The median salary for a Standard Chartered Bank employee in India is INR 8,21,000 per annum. The average bonus amount is INR 2,50,000. The median bonus for an employee is INR 2,50,000.
SCB has partnered with UNICEF since 1997 to support its programmes aimed at improving access to education for children living in poverty around the world. It also supports several initiatives under the United Nations Global Compact that promote corporate social responsibility. These include HIV/AIDS prevention & treatment initiatives, environmental sustainability programmes, and protection against human trafficking. The bank has also invested in building infrastructure for clean drinking water supply for communities in China through local partner Yunnan Provincial Waterworks Construction Co Ltd (YWPCC).
In October 2016, Standard Chartered was fined by the New York State Department of Financial Services (NYDFS) for facilitating transactions worth $250 billion for Iran and other countries under US sanctions.