Page 3 - Standard Chartered

Tamil Nadu emerges as GCC magnet, pharma major AstraZeneca leads the charge

Not just AstraZeneca, but Pfizer and Roche have also set up their centres in the state

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

Standard Chartered Bank sells entire 7.18% stake in CDSL for Rs 1,266 crore

Standard Chartered Bank on Wednesday sold its entire 7.18 per cent stake in Central Depository Services (India) Ltd for Rs 1,266 crore through an open market transaction. According to the bulk deal data available with the National Stock Exchange (NSE), Standard Chartered Bank offloaded 75 lakh shares of Central Depository Services (India) Ltd (CDSL). The shares were disposed of at an average price of Rs 1,688.64 apiece, taking the transaction value to Rs 1,266.48 crore. As of December 2023, Standard Chartered Bank had owned a 7.18 per cent stake in CDSL, shareholding data showed with the NSE. Details of the buyers of CDSL's shares could not be ascertained. Shares of CDSL plunged 5.58 per cent to close at Rs 1,689 apiece on the NSE.. In a separate transaction on the NSE, Chicago-based Equity International divested a 4.7 per cent stake in Samhi Hotels for Rs 209 crore through an open market transaction. Equity International through its affiliate company -- Blue Chandra Pte Ltd --

StanChart to continue focus on wealth management in India: Senior executive

Credit card 'core business' but will avoid competing with the country's private banks, says Kusal Roy

StanChart weighs break up of corporate, investment bank to improve returns

The London-listed bank has been weighed down in recent years, in part as it was forced to set aside more in reserves for souring loans tied to Chinese commercial real estate.

HDFC Bank accepts bids worth $750 mn for dollar bond issuances: Bankers

Barclays, Bank of America, JP Morgan, MUFG and Standard Chartered are the joint global coordinators and lead managers

'Retail investors could mobilise $543bn for climate action in India'

The results are based on a survey of 1,800 respondents in 10 markets across Asia, Africa, and the Middle East

Tech is critical, but banks won't like to be tech companies: Citi India CEO

It is demeaning to compare what banks do and what technology companies do; banks build relationship of trust with customers and use technology as an enabler, says Ashu Khullar, CEO Citibank India

Standard Chartered does not see rupee cross 84 even if dollar climbs

Sinha said the RBI will continue to maintain tight liquidity conditions to help support the rupee unless "we see big shocks from the global markets or if crude starts trending higher"

Standard Chartered sets up banking centre in Chennai to serve UHNI clients

Private sector Standard Chartered Bank has inaugurated its private banking centre in the city, the over-century-old bank said on Saturday. The Private Banking Centre is the fifth after Bengaluru, New Delhi, Kolkata, and Mumbai. Aimed at serving high net worth and ultra-high net worth clients, the Private Banking Centre offers products, advisory, and insights to manage, grow, and protect personal and business wealth. "Being one of the oldest global banks in India, we have relationships across multi-generations and therefore we can focus both on a traditional approach while offering bespoke, objective, and holistic advice supported by an open architecture platform," said the Bank's Managing Director and Head Affluent, Private Bank and Branch Network, Nitin Chengappa. "We are excited to open our new private banking centre in Chennai. Tamil Nadu is a major economic and financial centre, and we see a lot of potential for growth in our private banking business in this region," he said.

Fan blades, engine parts go missing from Go First jets, says lessor

The lessors have so far unsuccessfully argued in Indian courts to get their planes back, citing concerns that parts could go missing and hurt their assets

Private debt market in India set to grow more, says Standard Chartered

A growing list of global asset managers are setting up credit funds in India as they look to fill the funding gap, which was created after a shadow banking crisis spooked India's financial sector

RBI's incremental CRR move a surprise, policy signal: Standard Chartered

The RBI asked banks to hold incremental CRR of 10% on an increase in deposits between May 19 and July 28 in Thursday's monetary policy decision, when it expectedly kept its key policy rate unchanged

Standard Chartered sees senior banker exits in India as rivals circle

Standard Chartered Plc is losing several senior long-serving executives in its India operations, with some heading for new opportunities at rival local banks

Standard Chartered to trim more than 100 roles as part of cost cuts

"It is part of normal business activity to review our role requirements on an ongoing basis across the bank, to ensure that we remain effective in delivering our business strategy"

Standard Chartered to hire 100 staff for new China investment banking unit

The Beijing-based unit, which was awarded a licence in January, is being targeted for launch as early as the end of this year once it is cleared by local regulators, said John Tan

Adani Group gets financial support from three Japanese banks: Report

Adani Group companies are planning to execute large-scale projects across infrastructure and utility space, and need cash flows for these

Standard Charted posts surprise 21% rise in profit on high interest rates

The bank said first-quarter pretax profit rose 21 per cent beating analyst estimates, as rising interest rates and increased trading in volatile markets boosted income at the emerging markets-focused

Standard Chartered, Akasa Air close operating lease of Boeing 737 Max 8

The first four MAX 8s were delivered between December 2022 and March 2023, the fifth is scheduled for delivery in the second quarter of calendar 2023