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Standard Chartered India reduces loss sharply

It had impairment losses on loans and other credit-risk provisions of Rs 6,251.52 cr in 2015

A woman walks down the stairs of the Standard Chartered headquarters in Hong Kong
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A woman walks down the stairs of the Standard Chartered headquarters in Hong Kong

Mumbai
Standard Chartered Bank’s Indian operations saw a sharp reduction in losses in 2016, mainly due to the lowering of impairment charges and other credit-risk provisions even as its underlying operating

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First Published: Feb 25 2017 | 0:15 AM IST

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