Standard Chartered wins IFSCA nod to launch wealth products from GIFT City
Standard Chartered has received in-principle IFSCA approval to distribute capital-market products from GIFT City and expects to begin retail wealth services in the coming months, extending its India offering beyond corporate and institutional banking.
Standard Chartered received IFSCA in-principle approval to distribute capital-market products from GIFT City and plans to launch retail wealth services within months, extending its local offering beyond corporate and institutional banking.
Why this matters
The approval follows recent signals on Standard Chartered's GIFT City wealth-management launch and its in-principle approval for wealth products, reinforcing the bank's move into retail wealth services.
Retail-company signals are accelerating, up 116108% QoQ.
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