Standard Chartered Bank

Total Environment raises ₹175 crore via India's first listed green NCD

Total Environment Resorts, a subsidiary of the Bengaluru-based developer, raises Rs 175 crore from Standard Chartered through India's first listed green NCD for a real estate firm

StanChart to focus on multi-product clients; no new branches planned

Standard Chartered India will focus on cultivating multi-product retail relationships and cross-selling to affluent clients while consolidating branches into large priority centres

AIBOC condemns unfair labour practices followed by StanChart

All India Bank Officers' Confederation (AIBOC) on Thursday strongly condemned the vindictive and illegal actions of Standard Chartered Bank (SCB) in terminating two principal office bearers and four members of the bank union. These officials were part of the Association of Standard Chartered Bank Officers' Kolkata (ASCBO), and their termination was on the false pretext of 'redundancy', AIBOC claimed in a statement. Those arbitrarily terminated include Satyajeet Tripathy, General Secretary of ASCBO, Tilottama Roy, president of ASCBO, and four other active members of the union, it said. Their services were terminated with immediate effect, and dues were forcibly settled without due process or dialogue, it claimed. This brazen action has been carried out during the pendency of industrial disputes before the Central Industrial Tribunal and Labour Court, in clear violation of Section 33 of the Industrial Disputes Act, 1947, it said. The law explicitly prohibits changes in service ...

Standard Chartered backs flexibility as Wall Street tightens office return

While Wall Street rivals like JPMorgan and HSBC mandate in-office work, British multinational bank Standard Chartered is sticking with hybrid flexibility to retain talent

Standard Chartered hit with $2.7 bn lawsuit over 1MDB money laundering

The claimants allege that Standard Chartered Bank permitted more than 100 intrabank transfers between 2009 and 2013 that helped to conceal the flow of stolen funds

StanChart boosts private credit presence with 3 new hires in India

StanChart recently hired former UBS Group AG's Ankit Raghav as director for its leveraged and acquisition finance, and private credit team

Standard Chartered raises 1 bn euro via social bond, commits 50% for India

Standard Chartered has raised 1 billion euro (about Rs 9,400 crore) through issuance of the first social bond which will support sustainable development projects across the bank's emerging market footprint, including India. The 8-year bond will primarily facilitate lending to small and medium sized enterprises (SMEs), ensuring access to finance, helping create jobs and empowering and nurturing women-owned SMEs, StanChart said in a statement on Friday. Of the total, about 50 per cent would be allocated for India for sustainable projects. Proceeds will also finance access to essential services including healthcare and education, and will facilitate investment into affordable basic infrastructure and food security, in line with the social activities set out in the bank's Sustainability Bond Framework, it said. The top five countries where StanChart's social assets are located include India (57 per cent), Malaysia (10 per cent), Bangladesh (6 per cent), Mainland China (5 per cent), and

PD Singh to succeed Zarin Daruwala as Standard Chartered India CEO

The tenure would be effective April 1

StanChart appoints former South African bank CEO Ramos as new chair

Ramos, 65, joined StanChart's board as an independent non-executive director in January 2021 and was the head of South African bank ABSA Group Ltd from 2009 to 2019

StanChart names ex-JPMorgan chief PD Singh as India, South Asia CEO nominee

If approved, P D Singh will succeed Zarin Daruwala, who is set to retire on April 1, 2025, after nearly a decade in the role

Standard Chartered leads as dollar settlement bank in India's GIFT city

A settlement bank is traditionally responsible for processing trades, dealing with everything from the exchange of payment from buyer to seller and the transfer of securities.

StanChart to double down on SME, affluent, wealth banking segments

After Mumbai, the bank is planning to open such centres in some other key markets in India to address the requirements of global Indians

Kotak Mahindra Bank to buy Rs 4.1K cr India personal loan book of StanC

This deal marks the second significant transaction between an Indian private sector bank and a foreign bank in recent years

Kotak Mahindra Bank to buy Standard Chartered's India personal loan book

Transaction is expected to be completed over next three months

Sanjeev Mehta quits Standard Chartered Bank, set to launch new venture

Sanjeev Mehta Sanjeev Mehta has stepped down as Standard Chartered Bank's managing director and head of transaction banking sales for corporate, commercial and institutional Banking for South Asia after a 17-year career at the bank. Mehta resigned in July this year with plans to launch a greenfield venture, a statement said on Friday. His departure from the bank comes at a time when the Indian financial landscape is undergoing rapid change, presenting both challenges and opportunities for new entrants, it said.

Stable currency fosters internationalisation, says Zarin Daruwala

The rupee was the third most stable Asian currency against the US dollar in the financial year 2023-2024 after the Hong Kong dollar and Singapore dollar, primarily due to timely intervention by RBI

Standard Chartered Bank exits Protean eGov Tech, sells stake for Rs 225 cr

British multinational Standard Chartered Bank on Thursday exited Protean eGov Technologies by selling its entire 3.09 per cent stake for Rs 225 crore through an open market transaction. According to the bulk deal data available on the BSE, Standard Chartered Bank offloaded 12.50 lakh shares or 3.09 per cent stake in Protean eGov Technologies. The shares were disposed of at an average price of Rs 1,799.79 apiece, taking the deal value to Rs 224.97 crore. At the end of the June quarter, London-based Standard Chartered Bank owned a 3.09 per cent stake in Protean eGov Technologies, shareholding data showed with the bourse. Details of buyers of Protean eGov Tech's shares could not be ascertained. Shares of Protean eGov Technologies fell 1.19 per cent to close at Rs 1,845.45 per piece on the BSE. On Monday, Protean eGov Technologies reported a 10.83 per cent decline in its consolidated net sales to Rs 196.54 crore for the quarter ended June, compared to Rs 220.41 crore in the correspon

Standard Chartered Q1 2024 results: Profits rise 5.5%, beat estimates

Despite the forecast-beating quarterly profit, the bank saw its credit impairments worsen in 2024

Jio Financial set to hire StanChart India consumer banking head Kusal Roy

Jio Financial Services Ltd has been actively recruiting talent as part of its expansion effort

AdaniConneX in talks with banks to raise $900-950 mn in offshore loan

The funding arrangement entails an interest rate set at 250-260 basis points above the Secured Overnight Financing Rate (SOFR) and spans a duration of six years