Standard Capital Markets Ltd to explore International Markets as Part of Strategic Expansion Plan Subject to RBI Approval

Standard Capital Markets Limited (SCML), a registered Non-Banking Financial Company (NBFC) under the Reserve Bank of India (RBI), is pleased to announce its intent to explore international markets as part of a broader strategy to expand its financial services portfolio and strengthen its global footprint. The expansion is subject to necessary approvals and clearances from regulatory authorities, including the RBI.

As part of this initiative, SCML is evaluating opportunities to establish overseas subsidiaries and strategic partnerships in key global financial hubs. The proposed international ventures will focus on secured and unsecured lending, trade finance, and wealth management solutions, tailored to both individual and institutional clients.

Key Highlights of the Expansion Strategy:

- Establishment of Overseas Subsidiaries: SCML plans to incorporate wholly-owned subsidiaries in regions with favourable financial regulations to serve a growing base of international clients.

- Focus on Trade Finance and Lending: The Company aims to provide innovative financial solutions including trade credit, supply chain financing, and customized lending facilities for high-net-worth individuals (HNIs) and corporates.

- Investments in Technology and Compliance: SCML will enhance its digital infrastructure and ensure adherence to international compliance standards to support cross-border operations.

- Commitment to Regulatory Frameworks: All expansion activities will be conducted in accordance with RBI guidelines and relevant international regulatory requirements.

Statement from Management: "We are excited to take this significant step toward our global vision. Expanding internationally allows us to serve clients with diversified needs, tap into new revenue streams, and position SCML as a competitive player in the global NBFC sector," said Management of Standard Capital Markets Limited. "We remain fully committed to regulatory compliance and will move forward only after receiving all necessary approvals from the Reserve Bank of India."

SCML's international foray reflects its long-term growth strategy, aligned with India's emergence as a key player in global finance. The company will continue to evaluate and adapt its business model to meet evolving market demands both in India and abroad.

Source : Equity Bulls

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