RBI imposes Rs 27-crore penalty on 13 banks
Reserve Bank of India (RBI) has imposed Rs 27-crore penalty on 13 public and private sector banks of the country for violation of Know Your Customer (KYC) norms.
Jul 27, 2016, 20:05 PM IST
Normal monsoon key to India's continuing recovery: Standard Chartered
A normal monsoon is critical to India's continuing recovery, as a rise in agricultural growth could add 30-45 bps to GDP growth, says a Standard Chartered report.
Jul 03, 2016, 16:41 PM IST
Inflation to moderate in second half of FY17: StanChart
The headline inflation rose to 5.4 percent in April, dashing hopes of a rate cut by the RBI. The RBI is targeting to get it down to 5 percent by early 2017.
Jun 06, 2016, 18:42 PM IST
Nitin Kapadia appointed Head of StanChart Securities
Standard Chartered Securities India on Saturday announced the appointment of capital markets veteran Nitin Kapadia as its head and executive director.
Feb 20, 2016, 20:31 PM IST
StanChart axes top bankers in energy M&A team
Standard Chartered plc has axed at least half a dozen oil and gas advisory banking roles in recent weeks, ending an eight-year attempt to build a global energy M&A team, people familiar with the matter told Reuters.
Dec 15, 2015, 11:43 AM IST
StanChart examines if IDR holders can buy into $5.1 bn rights issue
British major Standard Chartered Tuesday said it is examining the legal aspect as to whether Indian Depository Receipt holders of the lender can participate in the USD 5.1 billion rights issue programme.
Nov 03, 2015, 21:21 PM IST
Standard Chartered rejigs regional, client businesses
ASEAN and South Asia will be led by Ajay Kanwal, Africa & Middle East by Sunil Kaushal, and Ben Hung will head Greater China & North Asia region.
Jul 20, 2015, 14:09 PM IST
New StanChart CEO Winters says needs to strengthen finances
Standard Chartered`s new chief executive Bill Winters said the Asia-focused bank needs to strengthen its financial position, simplify and restructure to achieve better returns, in a letter to staff on his first day in charge.
Jun 10, 2015, 14:38 PM IST
StanChart seeking buyers for $350 million HK pension business: Sources
Standard Chartered plc is seeking buyers for its Hong Kong pension business valued at about $350 million in a deal that would also involve a 15-year distribution agreement with the new owner, people with knowledge of the matter told Reuters.
May 14, 2015, 08:42 AM IST
Standard Chartered bank says London HQ under review
Standard Chartered said Wednesday its London headquarters remained under review as the Asia-focused bank mulls Britain`s increased regulation and taxation on the eve of a general election.
May 06, 2015, 21:57 PM IST
Britain's bank tax jump threatens to push HSBC, StanChart to new home
"There is a very clear risk that HSBC and StanChart reach a pain threshold where they think it is no longer worth staying in the UK," said Richard Buxton, head of equities at Old Mutual Global Investors, which owns HSBC shares and who said the bank was reflecting on a move.
Apr 20, 2015, 10:03 AM IST
StanChart says India's real growth very elusive
India's real growth remains "very elusive" and markets have "resigned" to a slower recovery, while foreign investors are still optimistic for want of alternatives, British major Standard Chartered has said.
Apr 05, 2015, 15:31 PM IST
StanChart senior exec Shankar quits in latest management change
Shankar has resigned as chief executive of Europe, Middle East, Africa and Americas, and will now look at setting up a private equity firm, Standard Chartered said on Wednesday.
Apr 01, 2015, 15:31 PM IST
StanChart rules out share sale as profit plunges 25%
Standard Chartered ruled out plans to raise capital on Wednesday despite reporting a 25 percent slide in annual pretax profits on the back of soaring bad loans.
Mar 04, 2015, 15:50 PM IST
StanChart sets date for conversion of IDRs
UK-based Standard Chartered today said it will open a window for conversion of Indian Depository Receipts into shares or shares into (IDR) from March 24.
Feb 24, 2015, 22:27 PM IST
StanChart lowers FY16 inflation target; expects 75bps rate cut
Of the total, 50 basis points cut is expected within a couple of months, said the Standard Chartered report.
Feb 15, 2015, 10:36 AM IST
Stanchart revises FY16 GDP growth forecast to 7.7% from 6.3%
The statistical boost to GDP is likely to continue in the next financial year as well, as the Indian economy is expected to clock 7.7 percent growth under the new series, higher than 6.3 percent projected under the older series, says a report by Standard Chartered.
Feb 11, 2015, 17:48 PM IST
StanChart shares tumble to five-year low as profit slumps on bad debts
Asia-focused bank Standard Chartered Plc warned investors that profits would fall in the second half of this year, after quarterly earnings were hit by a surge in bad loans and higher regulation and compliance costs.
Oct 28, 2014, 16:32 PM IST
StanChart Q3 profit tumbles, an extra $400 mn in cost cuts eyed
Standard Chartered Plc said operating profit for the third quarter fell 16 percent, hurt by rising costs from the restructuring of its South Korean business and a doubling of impaired loans.
Oct 28, 2014, 10:55 AM IST
HSBC, StanChart, Edelweiss vie for managing PFC,REC stake sale
As many as 12 merchant bankers have bid for managing the stake sale of REC.
Sep 24, 2014, 15:07 PM IST
