The Quiet Performer It may not have the profile of, say, Citi, but it's both the largest and the best-performing foreign bank in India.
Business Today, February, 2007 by Mahesh Nayak (Busines Today-KPMG Survey); Anand Adhikari
Standard chartered bank is doing strange things for a foreign bank. In the last couple of years, it was allowed to open only half- a- dozen branches, and it opened these in unusual places like Andheri, a Mumbai suburb, Pitampura, near the Wazirpur Industrial Area in Delhi, Race Course Road in Indore, Sardar Patel Marg in Allahabad, and the fast emerging Thane District of Maharashtra. That's quite a change from the days when foreign banks would only think of setting up shop in "posh" big city areas.
Surprised? Don't be; just glance through the bank's business portfolio and new focus areas and you'll realise why. Standard Chartered is looking at mid-size companies, the agri-business and the small-ticket personal finance business to power its growth in the country. "We will keep...
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