Standard Chartered is planning to add more manpower to build its retail lending segment in the next few quarters.
“We are hiring about 1,000 people this year. Retail is one of our strong points, but at about 20 per cent of our loan book in India, it is still a small part,” Zarin Daruwala, chief executive of banks’ India operations told a leading newspaper.
“We want to get the balance right. If not 50-50, the wholesale-retail mix should be at least 60-40,” he added.
The bank is looking for people proficient in front-end operations to help build relationships quickly, launch new products and make new clients in areas like wealth management.