Standard Chartered Bank reopens its Japan desk in Chennai

CHENNAI: Standard Chartered Bank has reopened its Japan desk in Chennai. The desk is dedicated to focusing on the interests and banking requirements of Japanese companies in the region.
The reopening of the desk will help deepen the bank’s relationship with the senior management teams of Japanese companies based in Chennai.
Chennai is a manufacturing hub for multiple Japanese companies.Some of the banking products and services offered include cash management and trade related services and products, financial market products, debt capital market products and employee banking services.
In addition, it will also provide detailed guidance on FDI (foreign direct investment) and mergers and acquisitions.
“The relationship between India and Japan has a huge potential for growth. Our Japan desk in Chennai will strengthen our delivery to the Japanese clients. In addition to banking requirements, it will support them in understanding the complexities of the Indian market and regulatory requirements, as they look to expand their operations in India,” said Ananth Venkat, managing director and regional head, international corporates, ASEAN and South Asia.
There are currently over 1,200 Japanese companies in India.