Page 5 - Standard Chartered

Rate-hike bets in India escalate ahead of possible global tightening

Five-year interest-rate swaps jumped 63 basis points in February, reflecting growing expectations of a tighter monetary policy

Standard Chartered CEO's pay drops by 29% amid 2020 profit miss

Winters' total renumeration dropped to £3.8 million, down from £5.4 million in 2019

How StanChart wants to go way beyond WFH for 85,000 staff in nine countries

From early next year, it will offer those employees the option of heading to a "near home" location

StanChart to make flexible working arrangements permanent from 2021

The Asia, Africa and Middle East-focused bank said it aims for around 50% of its markets, comprising around 70% or 60,000 of its employees, to be able to adopt hybrid working patterns by the end of 20

StanChart GBS' largest office globally coming up in Chennai's DLF Downtown

Standard Chartered GBS is leasing 770,000 sq ft to set-up its largest office establishment in this project

V-shaped recovery unlikely in India as Covid cases rise: StanChart chief

India's economy contracted by nearly a fourth in the June quarter as a result of the lockdowns during the early days of the pandemic

Top headlines: Modi defends farm bills, HSBC, StanChart shares at 22-yr low

From PM Modi again defending farm bills amid Opposition protests, Petronet buying LNG cargo to gold smuggling dropping due to coronavirus, Business Standard bring you the top headlines of the day

ED fines Standard Chartered Rs 100 cr for FEMA breach, penalises two others

TamilNad Mercantile Bank slapped with Rs 17 cr penalty, its former chief told to cough up Rs 35 cr

Zoom not a safe platform, says MHA advisory; SpaceX, Google ban use

The advisory further gives detailed instructions on the safe use of the platform including security configurations through website and app

Coronavirus: Standard Chartered to fund ventilator project of IIT Kanpur

tandard Chartered has approved a "generous" CSR funding that will be used for research and development of the prototype, followed by testing of the device and clinical trials

Veterans script a new plot in shadow banking, raise Rs 4,000 cr in equity

It is the biggest ever pool of capital to back professionals in this space even as some of the established players are being put through the wringer

Facebook, LG, others restrict business travel to China on coronavirus fear

Facebook became the first major US company to announce a travel suspension after the US government's warning

India needs $2.64-trn investment to meet UN's Sustainable Development Goals

At $701.5 billion, the greatest private sector opportunity in the country is investment in achieving and maintaining universal access to electricity, which is the seventh SDG.

CG Power fraud: Thapar cites board approvals, denies fund misuse charges

CG Power board sacked Thapar after an audit report by Vaish Associates, which itself is based on as many as 23 disclaimers, claimed that Thapar swindled Rs 3,000 crore from CG Power.

Piramal gets waiver on debt contract after offering to pay Rs 15 bn early

It's a very 'routine treasury transaction,' Piramal Enterprises said in an email response

Bandhan Bank to focus on affordable housing post takeover of Gruh Finance

Lender bets on MSME sector as well, starts co-branded credit card with Stan Chart

StanChart to be first foreign bank to launch ops at GIFT IFSC; may open branch this yr

The GIFT City Thursday said US-based Standard Chartered will be the first foreign bank to launch operations at International Financial Services Centre (IFSC). Standard Chartered has received in-principle regulatory approvals to set up its IFSC Banking Unit (IBU) in Gujarat International Finance Tec-City (GIFT City), it said in a release. The US-based lender is expected to start operations at IFSC by the end of this year, a GIFT City spokesperson said. The government had envisaged GIFT IFSC as a hub to bring offshore financial transactions, and with the presence of Standard Chartered, the IFSC ecosystem of India will become more formidable now, said Tapan Ray, MD & Group CEO, GIFT City. "In addition, the announcements made in the recent Union Budget have provided the much needed impetus to take GIFT on a fast track mode. This would definitely incentivise more international financial intuitions to set up their base in GIFT City," he said. The recent Budget has laid a special ...

Top 10 biz headlines: No relief for FPIs, more trouble for TikTok, and more

From super-rich tax to RCom's SIM swap fraud, Business Standard brings you the top headlines that made news on Thursday

Standard Chartered to pay $1.1 billion for sanctions violations

The settlement by the London-based bank is among the most severe imposed for sanctions violations, some of which occurred not long after Standard Chartered settled similar charges in 2012

StanChart to take $160 million charge from private equity sale

The bank is expected to take a restructuring charge of about $160 million from the sale