|-Standard Chartered Bank, Kolkata, India. dolphin.blogspot.com/|
|Standard Chartered Bank, Kolkata, India. lbb.in/kolkata|
|Standard Chartered Bank, Kolkata, India. lbb.in/kolkata/|
|Charted bank, Kolkata. double-dolphin.blogspot.com|
A whooping 80,000 sq ft space built in the 19th century, the bank had inherited the NS Road property from ANZ Grindlays and London-based bank decided in Sept. 2015 to sell this iconic building in Kolkata to tide over certain financial impediments that strangled the company's future growth. A StanChart India spokesperson said, "As part of our ongoing process to achieve better efficiency, we are divesting our branch office at 19 NS Road in Kolkata."The bank demanded Rs.100 crores for this colonial building. It is an irony the British bank is selling the property and others in Kolkata where it had begun its lucrative banking odyssey related to India-China opium trade.
The oldest foreign bank in India (that has more than 110 years history behind it) - Standard Chartered Bank's decision to sell its earliest building was a sad story in its banking history.