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Finance

StanChart looks to relocate India back-office work as COVID rages

Kuala Lumpur, Tianjin and Warsaw eyed as temporary alternatives in 'rebalance:' CEO

Standard Chartered operates back-office hubs in the Indian cities of Chennai and Bangalore.   © Reuters

HONG KONG -- Standard Chartered, one of the largest international banks operating in India, is considering a temporary shift of some back-office work to its other centers in Asia and Europe as the country of over 1.3 billion people grapples with one of the world's worst coronavirus crises.

The bank, which has support hubs in the southern Indian cities of Chennai and Bangalore, looks to transfer this work to centers in Kuala Lumpur, China's Tianjin and Warsaw to "rebalance" the workload, CEO Bill Winters said in an investors call.

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