Standard Chartered Reinforces Commitment to India's Global Capability Centre (GCC) Ecosystem
On 13 August 2026, Standard Chartered hosted a Global Capability Centre (GCC) Conference in Bengaluru, bringing together industry leaders, policymakers and GCC executives. The event was attended by Dr. Manjula N, IAS, Secretary of the Department of Electronics, Information Technology, Biotechnology and Science & Technology, Government of Karnataka, along with Standard Chartered senior executives Tanuj Kapilashrami, Group Chief Operating Officer, and P.D. Singh, Chief Executive Officer for India & South Asia.
India's GCC Market Outlook
Industry estimates cited during the conference indicate that India's GCC market is projected to reach approximately US$105 billion by 2030, underscoring the country's status as the world’s leading GCC hub. In the first half of 2026 alone, 183 new GCCs were established, further cementing India’s attractiveness for capability‑centre investments.
Standard Chartered’s Role and Offerings
Standard Chartered highlighted its ability to support organisations expanding their GCC footprint through a connected banking experience that spans both offshore and onshore operations. Leveraging its international network, digital banking platforms and deep expertise in treasury centres, cross‑border corporates and evolving GCC operating models, the bank aims to simplify financial operations and enable growth across global markets.
Tanuj Kapilashrami emphasized that India’s GCC story is entering a phase defined by greater global ownership, innovation and strategic impact, and that partners need a blend of global banking expertise and operational experience. He noted that Standard Chartered, as a “super‑connector bank,” combines global connectivity, deep local expertise and more than 25 years of operating its own GCC in India.
P.D. Singh added that the GCC opportunity represents one of the most significant business prospects globally, and that Standard Chartered’s 25‑year experience running its own GCC in India equips it to support clients throughout every stage of their GCC journey, from set‑up to scaling across markets.
Bank’s Presence in India and Globally
Standard Chartered Bank has maintained a continuous presence in India for over 165 years, making it one of the oldest foreign banks in the country, and offers a full suite of services across Corporate and Investment Banking, Wealth and Retail Banking. The bank operates an extensive branch network across major Indian cities. Globally, Standard Chartered is present in 55 dynamic markets and is listed on the London and Hong Kong stock exchanges.
For further information, readers are directed to the bank’s website at https://www.sc.com/in/.