Standard chartered

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OBJECTIVE OF THE STUDY
The main objective of this report is to accentuate the services provided by the standard chartered bank to its valuable customers. The main motive was to understand the functions taking place in the organization and understanding the working of the banking sector. The main focus was to understand the entire banking. The project was undertaken to study the Indian banking industry and the services provided but the banks. Various theories and practical aspects were studied in regards to this project. The project tries to highlight the role of today’s banking style. This project was also made to know the various products provided by the bank like the medical insurance, life insurance,forex facilities the focus was also on the determine the characteristics of that are important while conducting an activity.



THE STANDARD 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.


CONSUMER BANKING:
Consumer banking is the largest of the standard chartered bank three businesses, offering wealth management, credit card, mortgage, trade, insurance, investments products and the services. it is the largest independent distributor of retail investment fund in Asia, Pacific region and it was the first in the market to launch e-mortgage services and the first to have mortgage approval on WAP.