Standard Chartered wins in-principle approval for GIFT City wealth products
Standard Chartered plans to launch retail wealth-management offerings from India’s GIFT City financial hub in the coming months after receiving in-principle approval from the IFSCA. The move places it alongside HSBC in the emerging offshore wealth-services market.
Standard Chartered received in-principle IFSCA approval to launch retail wealth-management products from India’s GIFT City, joining HSBC. The bank expects to roll out the offerings within months.
Why this matters
The approval advances Standard Chartered’s GIFT City wealth-management push, following the recent signal that it won an IFSCA nod for the same expansion.
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