StanChart expects to report "high single-digit" revenue growth in the first half of 2012, which will be below the double-digit (11 per cent) increase in the same period last year, it said in a statement.
It did not provide any figures as StanChart only issues half-year and full-year earnings reports.
"Income growth continues to be affected by the continued strength of the US dollar against currencies in our footprint. Local currency weakness is expected to drag Group income by over 2 per cent, with the Indian Rupee being the major contributor," StanChart said.
The Asia focussed bank said that income from India operations is expected to grow at a "mid single digit" rate in the first half, impacted by continued weakness of the rupee against the dollar.
However, the group said a strong performance from other countries would compensate for the weak business sentiment from India.
The bank said it expects double digit growth from markets such as China, Indonesia, Malaysia, Africa and the Americas, UK and Europe.
"Against the background of a slowing and turbulent global economy, StanChart has continued to deliver strong growth.
"We are seeing good momentum across many of our businesses and geographies and are winning market share as we again increase our financial support and lending to our customers and clients," StanChart Group Chief Executive Peter Sands said.
In terms of sectors, the bank's consumer banking business is expected to deliver "mid single digit" income growth in the first half over the comparable period in year ago.
The consumer banking business would be affected by a slew of factors such as adverse impact of foreign exchange, subdued wealth management income in India and Taiwan and muted income performance in Hong Kong and Korea.
On the other hand, the Wholesale banking business of the group is expected to grow at around double digit over the first half of 2012 compared to the period year ago.
In addition the group said that the head-count levels of remained flat for the first half of the current year and the expenses remained tight.
"As we reflect on our full year income and cost growth forecasts we are now looking again to step up investment," the bank said.
The Group said it remains highly liquid with a strong advances to deposit ratio and remains well capitalised.
