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business-standard.com 25 Nov, 2021 10:45 am

Standard Chartered's NBFC arm ramps up retail book fast

Standard Chartered's NBFC arm ramps up retail book fast
Read more about Standard Chartered's NBFC arm ramps up retail book fast on Business Standard. The bank has 100 branches in the country, but is obliged to open roughly 40% of its branches in rural areas. An NBFC has no such obligation as of now

Standard Chartered's NBFC arm ramps up retail book fast The bank has 100 branches in the country, but is obliged to open roughly 40% of its branches in rural areas.An NBFC has no such obligation as of now strong Standard Chartered | NBFC Anup Roy  | Mumbai Last Updated at November 25, 2021 16:20 IST Standard Chartered Capital, the non-banking financial company (NBFC) of the oldest foreign bank in the country, is tapping India’s mass-affluent customer base to build a quality retail book, thus complementing its parent in its renewed retail push.Standard Chartered Bank has 100 branches in the country, but so is its obligation to open roughly 40 per cent of its branches in rural areas.Digital Editor Read our full coverage on Standard Chartered First Published: Thu, November 25 2021.

An NBFC has no such obligation as of now.Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content.

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