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 50 % of its loan book in India through mortgages , personal loans and lending to small businesses . "There has been an increase in impairments as a result of the new strategic plan announced in November 2015, whereby a small number of impaired exposures have now been identified to be in the liquidation portfolio," the bank said in February, referring to the higher India provisions. Standard Chartered is also expected to invest in mobile and online banking to accelerate the creation of the substantive banking 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 50 % of its loan book in India through mortgages , personal loans and lending to small businesses . Standard Chartered is also expected to invest in mobile and online banking to accelerate the creation of the substantive banking programme while enabling retail growth .