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    History: The Chartered Bank

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    ketakm99
    Standard Chartered was formed in 1969 through a merger of The Standard Bank of British South Africa and the Chartered Bank of India, Australia and China. Both banks were looking to capitalize on expanding trade between Europe, Asia, and Africa by financing the movement of goods. Chartered Bank was founded in 1853 and opened branches across Asia, playing a major role in developing trade following the opening of the Suez Canal in 1869. Standard Bank was founded in South Africa in 1862 and financed development in Africa. Today, Standard Chartered focuses on consumer, corporate, and institutional banking and treasury services across Asia, Africa, and the Middle East through over 500 branches in more than 70 cities in India.

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    History: The Chartered Bank

    Uploaded by

    ketakm99
    65 views7 pages
    Standard Chartered was formed in 1969 through a merger of The Standard Bank of British South Africa and the Chartered Bank of India, Australia and China. Both banks were looking to capitalize on expanding trade between Europe, Asia, and Africa by financing the movement of goods. Chartered Bank was founded in 1853 and opened branches across Asia, playing a major role in developing trade following the opening of the Suez Canal in 1869. Standard Bank was founded in South Africa in 1862 and financed development in Africa. Today, Standard Chartered focuses on consumer, corporate, and institutional banking and treasury services across Asia, Africa, and the Middle East through over 500 branches in more than 70 cities in India.

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    Standard Chartered was formed in 1969 through a merger of The Standard Bank of British South Africa and the Chartered Bank of India, Australia and China. Both banks were looking to capitalize on expanding trade between Europe, Asia, and Africa by financing the movement of goods. Chartered Bank was founded in 1853 and opened branches across Asia, playing a major role in developing trade following the opening of the Suez Canal in 1869. Standard Bank was founded in South Africa in 1862 and financed development in Africa. Today, Standard Chartered focuses on consumer, corporate, and institutional banking and treasury services across Asia, Africa, and the Middle East through over 500 branches in more than 70 cities in India.

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    Download as docx, pdf, or txt
    65 views7 pages

    History: The Chartered Bank

    Uploaded by

    ketakm99
    Standard Chartered was formed in 1969 through a merger of The Standard Bank of British South Africa and the Chartered Bank of India, Australia and China. Both banks were looking to capitalize on expanding trade between Europe, Asia, and Africa by financing the movement of goods. Chartered Bank was founded in 1853 and opened branches across Asia, playing a major role in developing trade following the opening of the Suez Canal in 1869. Standard Bank was founded in South Africa in 1862 and financed development in Africa. Today, Standard Chartered focuses on consumer, corporate, and institutional banking and treasury services across Asia, Africa, and the Middle East through over 500 branches in more than 70 cities in India.

    Copyright:

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    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 7

    History

    Standard Chartered was formed in 1969 through a merger of two banks: The Standard Bank
    of British South Africa, founded in 1863, and the Chartered Bank of India, Australia and
    China, founded in 1853.

    Both companies were keen to capitalise on the huge expansion of trade and to earn the
    handsome profits to be made from financing the movement of goods between Europe, Asia
    and Africa.

    The Chartered Bank


     Founded by James Wilson following the grant of a Royal Charter by Queen Victoria
    in 1853.
     Chartered opened its first branches in Mumbai (Bombay), Kolkata and Shanghai in
    1858, followed by Hong Kong and Singapore in 1859.
     Traditional trade was in cotton from Mumbai (Bombay), indigo and tea from Kolkata,
    rice from Burma, sugar from Java, tobacco from Sumatra, hemp from Manila and silk
    from Yokohama.
     Played a major role in the development of trade with the East which followed the
    opening of the Suez Canal in 1869 and the extension of the telegraph to China in
    1871.
     In 1957 Chartered Bank bought the Eastern Bank together with the Ionian Bank's
    Cyprus Branches. This established a presence in the Gulf.

    The Standard Bank


     Founded in the Cape Province of South Africa in 1862 by John Paterson. Commenced
    business in Port Elizabeth, in January 1863.
     Was prominent in financing the development of the diamond fields of Kimberley
    from 1867 and later extended its network further north to the new town of
    Johannesburg when gold was discovered there in 1885.
     Expanded in Southern, Central and Eastern Africa and, by 1953, had 600 offices.
     In 1965, it merged with the Bank of West Africa, expanding its operations into
    Cameroon, Gambia, Ghana, Nigeria and Sierra Leone.

    From the early 1990s, Standard Chartered has focused on developing its strong franchises in
    Asia, Africa and the Middle East. It has concentrated on consumer, corporate and institutional
    banking and on the provision of treasury services - areas in which the Group had particular
    strength and expertise.

    Since 2000 the Bank has achieved several milestones with a number of strategic alliances and
    acquisitions, which have extended the customer and geographic reach and broadened the
    product range that Standard Chartered offers.
    IN INDIA:-

    Chartered Bank opened its first overseas branch in India, at Kolkata, on 12


    April 1858. During that time Kolkata was the most important commercial city
    and was the hub of jute and indigo trades.

    ‡With the opening of the Suez Canal in 1869 and the growth of cotton trade,
    Bombay replaced Kolkata as the main commercial center

    ‡Today the Bank's branches and sub-branches in India are directed and
    administered from Bombay with Kolkata remaining an important trading and
    banking canter..

    ‡To diverse financial needs, Standard Chartered offers a wide range of state-of-
    the-art banking products and services through its network of 90 branches in 31
    cities across the country.

    Some Facts About Standard Chartered Bank:-

    Over 50 nationalities are represented among our top 500 senior executives.
    ‡ SCB is the only international bank with over 90% profits from Asia, Africa, and the Middle-East.
    ‡ SCB is the only international bank with a long unbroken banking history in India and China.
    ‡ SCB is the largest international bank in India in terms of branch network and profits
    ‡ SCB is the only bank in the Falkland Islands.
    ‡ SCB is one of three note issuing banks in Hong Kong.
    Principles & Values
    Our Principles
    Leading by example to be the right partner for its stakeholders, the Group is committed to
    building a sustainable business over the long term that is trusted worldwide for upholding
    high standards of corporate governance, social responsibility, environmental protection and
    employee diversity. It employs over 75,000 people, nearly half of whom are women, The
    Group's employees are of 125 nationalities, of which about 70 are represented among senior
    management.

    What we stand for


    Strategic intent

     To be the world's best international bank


     Leading the way in Asia, Africa and the Middle East

    Brand promise

     Here for good

    Values

     Courageous
     Responsive
     International
     Creative
     Trustworthy

    Approach

     Participation

    Focusing on attractive, growing markets where we can leverage our relationships and
    expertise

     Competitive positioning

    Combining global capability, deep local knowledge and creativity to outperform our
    competitors

     Management Discipline

    Continuously improving the way we work, balancing the pursuit of growth with firm
    control of costs and risks
    Commitment to stakeholders

     Customers

    Passionate about our customers' success, delighting them with the quality of our
    service

     Our People

    Helping our people to grow, enabling individuals to make a difference and teams to
    win

     Communities

    Trusted and caring, dedicated to making a difference

     Investors

    A distinctive investment delivering outstanding performance and superior returns

     Regulators

    Exemplary governance and ethics wherever we are


    PERSONAL BANKING:-

    ACCOUNTS

    We offer a variety of accounts, each tailored to your saving needs.

    In order to help you evaluate the range of our accounts , we've provided a comparison chart
    below, which allows you to easily match the features against others.

    a) Axcess Plus Account :-

    Exclusive Feature:-

    This account provides unparalleled access to your money through a variety of channels.

    Feature:-

    FREE Unlimited Visa ATM transactions*

    FREE Doorstep Banking*

    International Debit Card

    Phone Banking

    Online Banking

    b) No Frills Account:-

    Exclusive Feature:-

    No Frills Account is designed to meet your basic banking requirements

    Feature:-

    Free Cheque deposit at any SCB Branch or ATM

    Access your account from any branch of Standard Chartered Bank

    ATM card & Debit Card

    Phone Banking

    Online Banking
    c) Parivaar Account-

    Exclusive Feature:-

    This family account allows you to maintain your individual identity while allowing you to tap
    your family's financial strength

    Feature:-

    Maintain individual savings accounts with the benefit of clubbing balances in grouped
    accounts

    Option of Systematic Investment Plan (SIP) that allows you to invest a fixed amount of
    money every month in specific mutual funds

    Globally valid ATM-cum-debit card

    Phone Banking

    Online Banking

    d) De-mat Account:-

    Exclusive Feature:-

    This account can be used for holding and trading in shares electronically

    Feature:-

    No cumbersome paperwork

    Free quarterly statement

    Convenient payment of charges through your existing bank account

    e) Super Value Account:-

    Exclusive Feature:-

    Super Value Account offers a host of value added services free of cost, such as Free Bill Pay,
    Free Inter Bank Funds Transfer

    Features
    Free Bill Pay

    Free Inter Bank Funds Transfer

    Free Foreign Inward Remittance Certificates

    Free Payable at Par cheque book/ account statements / DDs

    f) Corporate Salary Account:-

    Exclusive feature

    This account is meant for corporates and helps you streamline salary payments

    Features

    Efficient salary disbursals

    Dedicated Relationship Manager for each corporate

    Dedicated Service Manager as a one point contact for all service related issues

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