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Standard Chartered

Daruwala to retire from Standard Chartered

Daruwala to retire from Standard Chartered

Wed, Oct 09, 2024

Standard Chartered on Wednesday said its India and South Asia Chief Executive Officer Zarin Daruwala has decided to retire at the end of FY25. The veteran banker has been with the foreign lender since 2016.

StanChart to reduce costs, divest businesses in new strategy to boost growth

StanChart to reduce costs, divest businesses in new strategy to boost growth

Tue, Feb 26, 2019

StanChart, listed both in London and Hong Kong, last week said the provision related to the potential resolution of U.S. investigations into alleged sanctions violations and foreign exchange trades.

Standard Chartered Bank cuts India jobs as digital alternatives gain steam

Standard Chartered Bank cuts India jobs as digital alternatives gain steam

Fri, Dec 14, 2018

The downsizing is majorly in retail vertical, largely due to the reduced need for people manning operations in face of the cheaper digital alternatives, they said.

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India growth to normalise in next four to six quarters, says Standard Chartered

India growth to normalise in next four to six quarters, says Standard Chartered

Thu, Dec 14, 2017

The report said that economic growth has bottomed out after slowing to a 13-quarter low of 5.7% in April-June 2017, but predicted growth recovering further to 7% over the next few quarters (6.3% in July-September 2017), supported by several factors.

Risks of ‘barks’ becoming ‘bites’ cannot be ignored: Standard Chartered

Risks of ‘barks’ becoming ‘bites’ cannot be ignored: Standard Chartered

Thu, Dec 14, 2017

"Monetary policy in general is likely to shift from ultra-accommodative to more neutral as inflation rises but remains well below longer-term averages," the Standard Chartered report said, adding "The biggest risk to global growth in 2018 is complacency; warning signs, if ignored, could turn ‘barks’ into ‘bites’," said the report

States could potentially earn Rs 45,000 crore from GST

States could potentially earn Rs 45,000 crore from GST

Tue, May 30, 2017

India has adopted a dual GST model, where there will be 2 levels of taxes that would be levied separately by the Central Government and State Governments.

Britain set to lose 9,000 bank jobs as they plan to move due of Brexit

Britain set to lose 9,000 bank jobs as they plan to move due of Brexit

Mon, May 08, 2017

Last week Standard Chartered and JPMorgan were the latest global banks to outline plans for their European operations after Brexit.

Samsung launches Samsung Pay platform in India; here's how it works

Samsung launches Samsung Pay platform in India; here's how it works

Mon, Mar 06, 2017

Some of the Samsung devices on which Samsung Pay is supported includes Galaxy S7 edge, Galaxy S7, Note 5, S6 edge plus, A5 (2016) and A7 (2016) and all other new models of Samsung to follow.

BofA Merrill Lynch, UBS, others fight for $40 million fee pot in advising on Vodafone India merger with Idea Cellular

BofA Merrill Lynch, UBS, others fight for $40 million fee pot in advising on Vodafone India merger with Idea Cellular

Wed, Feb 15, 2017

BofA Merrill Lynch, UBS and Standard Chartered are among banks who are scrambling to win advisory roles in a potential merger of Vodafone India and Idea Cellular.

Standard Chartered closes $1.6 billion-plus of shipping finance deals

Standard Chartered closes $1.6 billion-plus of shipping finance deals

Tue, Jan 17, 2017

Standard Chartered said on Tuesday it had completed three shipping deals worth more than $1.6 billion in recent months. The deals include in December a $684.5 million up to 12-year facility for BW Gas JuJu LNG, a joint venture between BW Group and Japan`s Marubeni.

Banks eye 'resolution' of Rs 1.5 lakh crore worth stressed assets

Banks eye 'resolution' of Rs 1.5 lakh crore worth stressed assets

Sun, Oct 23, 2016

The 'resolution' process has got a major boost after three top lenders -- ICICI Bank, Axis Bank and StanChart -- got back an estimated $ 2.5 billion last Friday as part of the first payment for their debt exposure to the Ruias-led Essar Group.

ICICI, Axis, StanChart gets back Rs 16,600 crore of Essar Group loans

ICICI, Axis, StanChart gets back Rs 16,600 crore of Essar Group loans

Sat, Oct 22, 2016

The remaining 2% will be held by minority shareholders after delisting of Essar Oil.

GST Bill passed: Issues to resolve before April 2017

GST Bill passed: Issues to resolve before April 2017

Fri, Aug 05, 2016

GST which is a single tax on the supply of goods and services, right from the manufacturer to the consumer will be a destination based tax.

Standard Chartered profits down 64% with revenue missing estimates

Standard Chartered profits down 64% with revenue missing estimates

Tue, Apr 26, 2016

The Asia-focused bank said profits for the first three months fell to $539 million from $1.49 billion in the same period last year.

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