Standard Chartered is set to hire 50-50 staff in Daruwala over this year in an effort to build a lucrative retail lending segment. The new staff will be mostly from rivals with experience in front-end operations to help build relationships quickly, launch new products and get new clients in areas like wealth management. 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. Standard Chartered is also expected to invest in mobile and online banking to aid the creation of the substantive investment programme while enabling retail growth.
Standard Chartered is set to hire 50-50 staff in Daruwala over this year 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. Standard Chartered is also expected to invest in mobile and online banking to aid the creation of the substantive investment programme while enabling retail growth.