The bank expanded rapidly by capitalising the lucrative trade between Europe and Far East. It also financed regional projects such as the Indo-European telegraph line from London to Calcutta.[5] In the early 20th century, the bank continued to tap on Asian business such as cotton from Bombay, indigo and tea from Calcutta and rice from Burma.[6]
In 1969, Chartered Bank merged with the South African bank Standard Bank, forming Standard Chartered Bank. After the merger, the Indian branch of the bank continued to handle the local business.[7]
In 2015, the bank announced its intention to be incorporated locally and become a wholly owned subsidiary (WOS).[8] However, this plan has never been materialised and Standard Chartered India remained its status as a branch of foreign bank.
In 2024, the bank sold its 41 billion rupees personal loan portfolio to Kotak Mahindra Bank, as part of its plan to refresh strategy to target at higher end business.[9] It is also announced that Zarin Daruwala, the bank's long-serving CEO since 2016, would retire in March 2025.[10]
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