Indian Nationals account for third highest investor base in the world with over 20 million investors
UAE: Standard Chartered has announced that it has recently launched the NRI 3-in-1 Account, a complete investment solution for non-resident Indians (NRI) to access Indian investment markets. Indian investors collectively account for the third highest investor base in the world with over 20 million investors.
Standard Chartered's NRI 3-in-1 Account is an efficient combination of Non Resident Bank accounts, including Portfolio Investment Services (PIS), with respective Demat[1] and Brokerage Accounts. The new service creates a single login facility for bank, trading and depository account, and also provides unified online access to cash equities, IPOs, bonds, debentures, mutual funds and derivatives (Futures & Options).
Sumeet Bhambri, Regional Head - Wealth Management (Middle East) said: "There is tremendous potential for NRIs to enhance their participation in the Indian markets and we are providing the right platform to bridge the gap between NRIs and various investment products in India. The NRI 3-in-1 Account allows NRIs to access multiple products with transactional ease and convenience, while complying with complex NRI regulations. The new investment solution is in line with our continuing thrust to provide personalized services that cater to the changing needs of our customers wherever they are."
Standard Chartered's NRI 3-in-1 Account also provides online portfolio monitoring, online access to Consumer Equity Strategy Reports, online details on holdings and transactions, and multiple channels for execution of trades, including dedicated RM, online trading portal and the customer care unit. Customers can also choose from two online trading platforms: Easy Trade, which is the user-friendly browser version, and Advance Trade, which is the applet-based version.
Standard Chartered has been operating in the UAE since 1958 and has the largest distribution network with 11 branches, 130 ATMs and CDMs and four electronic Banking Units across the country.
Standard Chartered - leading the way in Asia, Africa and the Middle East
Standard Chartered is a leading international banking group. It has operated for over 150 years in some of the world's most dynamic markets and earns more than 90 per cent of its profits in Asia, Africa and the Middle East. This geographic focus and commitment to developing deep relationships with clients and customers has driven the Bank's growth in recent years. Standard Chartered PLC is listed on the London and Hong Kong stock exchanges as well as the Bombay and National Stock Exchanges in India.
With 1,700 offices in 70 markets, the Group offers exciting and challenging international career opportunities for nearly 87,000 staff. It is committed to building a sustainable business over the long term and is trusted worldwide for upholding high standards of corporate governance, social responsibility, environmental protection and employee diversity. Standard Chartered's heritage and values are expressed in its brand promise, 'Here for good'.
For further information please visit www.standardchartered.com. Follow Standard Chartered at www.facebook.com/standardchartered and on Twitter @StanChart.
Standard Chartered in the UAE:
Standard Chartered Bank UAE opened its first branch in Sharjah in 1958. Today, it offers an extensive range of products and services for personal customers, local companies, multinational corporations and financial institutions. The Bank has the largest distribution network among international banks in the country with 11 branches, four electronic banking units and more than 130 ATMs and CDMs. The Bank's regional hub in the Dubai International Finance Centre houses the largest trading floor in the region with 200 professionals trading fixed income, commodities and currencies. Standard Chartered employs more than 2,400 staff in the UAE, 42% of whom are UAE Nationals, and representing 72 nationalities.
Or contact:
Orient Planet PR & Marketing Communications
P.O Box: 23345
Dubai, United Arab Emirates
Tel: 00971 4 398 8901
Fax: 00971 4 398 8941
Email: media@orientplanet.com
Website: www.orientplanet.com
For more information, please contact:
Ramy Lawand
Senior Manager, Business Communications
Corporate Affairs MENAP
Tel: 009714 508 2564
Mobile: 00971 56 675 9894
E-mail: Ramy.Lawand@sc.com
[1] The term "demat", in India, refers to a dematerialised account for individual Indian citizens to trade in listed stocks in electronic form rather than paper
© Press Release 2012
