" Standard Chartered is set to hire nearly 1,000 staff in India over the next 12 months in an effort to build a lucrative retail lending segment. While India is currently the bank's biggest market in South Asia, the bank plans to make retail account for at least 40% of its loan book in India through mortgages, personal loans and lending to small entrepreneurs. The move comes as India's economy continues to grow rapidly with growth expected to reach 7% this year.
Standard Chartered is set to hire nearly 1,000 staff in India over the next 12 months in an effort to build a lucrative retail lending segment. While India is currently the bank's biggest market in South Asia, the bank plans to make retail account for at least 40% of its loan book in India through mortgages, personal loans and lending to small entrepreneurs. The move comes as India's economy continues to grow rapidly with growth expected to reach 7% this year.