Standard Chartered made many acquisitions over the decades; here are some related to India:
In 1927, it acquired the P&O Bank, which had offices across Asia. P&O Bank also owned Allahabad Bank, which Standard Chartered continued to run as an individual entity until the latter was nationalised by the Indian government in 1969.
In 2000, Standard Chartered acquired Grindlays Bank, increasing its presence in private banking and further expanding its operations in India and Pakistan. In India, it integrated most of Grindlays' operations, making Standard Chartered the largest foreign bank in the country.
On August 23, 2007, Standard Chartered entered into an agreement to buy 49 percent brokerage firm UTI Securities for $36 million with the option, if both partners agree, to raise its stake to 100 percent by 2010.
Image: A Standard Chartered outdoor advertising campaign
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