Internship Report

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Part # 1 Chapter - 1 Organization Overview 7 1.1 Standard Chartered Bank: Getting to know Standard Chartered Bank derives its name after two banks – Standard Bank of British South Africa and the Chartered Bank of India, Australia and China. The merger took place in 1969. Standard Chartered Bank is regulated by the Bank of England and is a clearing bank of United Kingdom. The new millennium brought with it two of the largest acquisition in the history of the bankthe acquisition of the Grindlays Bank from the ANZ group for a consideration of $1.34 billion and acquisition of the Chase Consumer Banking Corporation in Hong Kong for $ 1.32 billion. These acquisitions demonstrate Standard Chartered Bank’s firm commitment to the emerging markets. 1.2 Standard Chartered Bank at a Glance Standard Chartered Bank employs 70,000 people with 125 nationalities and nearly half of whom are women. So it proves that the bank has an international diverse workforce. Standard Chartered has a network of over 1,600 branches and outlets and 5,500 ATMs in more than 70 countries and territories across the globe. The group provides consumer-banking services to individuals and small to medium size businesses, and offers Wholesale Banking capabilities to corporate and institutional clients. With 150 years in the emerging markets the group has supreme knowledge and understanding with the customers in the market. Standard Chartered Bank recognizes its responsibilities to its staff and to the communities in which it operates. Their 150 years of history gives them a deep better understanding of their markets, their customers, and the local communities where they operate. It is a strong platform for future growth. Standard Chartered is holding leading positions in dynamic markets. They are in some of the world’s fastest growing markets including the United Arab Emirates, India, China, and the

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