Banks say they themselves red-flagged the transactions to RBI, authorities
The proposed governance norms for banks seem to be pushing for a role reversal - make the non-executive directors run the bank and take away the executive powers of the CEO
Dhoot has been earlier booked by the CBI in the Videocon-ICICI bank loan case.
Bankers, NCLT said, failed to appear in the case relating to the IL&FS fraud despite repeated notices from the ministry of corporate affairs
Apex court starts hearing CoC challenge to NCLAT approving higher payout to operational creditors
The bank executive, who isn't named in court papers, was the bank's global head of transaction banking and foreign exchange sales
Standard Chartered has been under scrutiny by authorities in both the United Kingdom and the United States
It has around 7,000 staffers in this country, being the largest international bank in India, with 100 branches in 43 cities
When contacted, a Standard Chartered Bank spokesperson confirmed the downsizing
The bank, which has over 7.5 per cent weight in committee of Essar Steel creditors, claimed details of ArcelorMittal's revised bid of Rs 420 billion was not circulated along with the meeting's agenda
Standard Chartered Bank will look to reduce outsourcing to technology vendors as it scales up its own centres in India to build products and applications to support its global operations. On Tuesday, the British bank opened the Bengaluru operations of Standard Chartered Global Business Services (SCGBS), where it plans to scale its team to over 6,000 from 3,300 currently. Over two thirds of the 19,300 people employed by SCGBS globally work in India, with its main centres located in Chennai.Currently, nearly half of the technology services is outsourced to global vendors which include Tata Consultancy Services. The bank buys software services through two key models - workforce extension by augmenting employees of IT companies on its own projects and software maintenance contract through service level agreements.As it scales its own operations, helping build applications and assist in technology transformation in over 68 countries, Standard Chartered is increasingly looking inward."The .
Company not to declare an ordinary dividend for 2016
It had impairment losses on loans and other credit-risk provisions of Rs 6,251.52 cr in 2015
As per the funds, Castex Technologies manipulated its share price so it could force the conversion of its convertible bonds into equity