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.
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. 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.