Standard Charter

  • 'Good days coming for British-Indian ties' July 7, 2014

    Mumbai: British Chancellor of the Exchequer George Osborne on Monday said that it was exciting to visit India when the excitement about the Indian economy and the optimism about the prospects for future growth are palpable. "I have been here for a day and already I can feel the buzz in...
  • Why vote on account won't move market needle February 15, 2014

    The big cue investors will watch out for on Monday is the vote on account, though many market experts believe that it is likely to be a non-event for the stock market, reports CNBC-TV18. Here's why brokerages sees it as a non-event: ICICI Securities: There are no major expectations from...
  • Standard Chartered renews sponsorship with Liverpool July 19, 2013

    New Delhi: Liverpool Football Club and Standard Chartered Bank on Thursday announced a two-year extension to their main sponsor agreement. The bank signed up as the club's main sponsor in July 2010 appearing on the front of the 'Reds' shirt for the last three seasons. The partnership has now been extended...
  • Swiss bank UBS to exit banking business in India: Source June 22, 2013

    Mumbai: Swiss bank UBS AG will surrender its Indian banking license and close its banking unit, covering fixed income, forex operations and credit services, a source with direct knowledge of the matter said on Saturday. However, UBS will continue its corporate client service business, which includes mergers and acquisitions, equities...
  • Is the violation of banking norms far more widespread than believed? June 18, 2013

    After the Reserve Bank of India (RBI) fined ICICI, HDFC and Axis banks for flouting customer norms, highlighted by a Cobrapost expose, the latest sting operation by the online magazine exposes how some employees in two foreign banks in India have also been involved in accepting black money and agreeing...
  • StanChart, HSBC officials caught on camera offering to launder money June 18, 2013

    New Delhi: After the Reserve Bank of India (RBI) fined ICICI, HDFC and Axis banks for flouting customer norms, highlighted by a Cobrapost expose, the latest sting operation by the online magazine exposes how some employees in two foreign banks in India have also been involved in accepting black money...
  • Morgan Stanley to sell Indian wealth management unit May 20, 2013

    Mumbai: Morgan Stanley said on Monday it has signed an agreement to sell its Indian wealth management unit to Standard Chartered. Financial terms of the deal were not disclosed. "Morgan Stanley will work closely with Standard Chartered over the coming months to ensure a smooth transfer of our wealth management clients...
  • HSBC may cut 14,000 more jobs as revenue faces pressure May 15, 2013

    London: HSBC will redouble cost-cutting efforts, including axing up to 14,000 more jobs, but Europe's largest bank was forced to soften a key performance target in the face of muted revenue. London-headquartered HSBC is seeking up to $3 billion in additional annual savings by 2016, on top of $4 billion...
  • RBI widens StanChart, HSBC probe to other banks August 26, 2012

    New Delhi: The Reserve Bank has widened its probe into the affairs of British banking giants HSBC and Standard Chartered to a host of other foreign banks for alleged breach of controls against money laundering and terror financing. Besides, capital market regulator Sebi may also join the investigations, as there are...
  • Bharti Airtel shortlists banks for Infratel IPO: Sources August 25, 2012

    New Delhi/Mumbai: Bharti Airtel has shortlisted banks including Standard Chartered and JPMorgan to manage a share flotation for its telecoms masts unit to raise more than $750 million, two sources with direct knowledge of the matter said. The biggest Indian mobile phone carrier has also shortlisted Bank of America Merrill Lynch,...
  • StanChart reaches $340 million settlement over Iran August 15, 2012

    New York: Standard Chartered Plc has agreed to pay $340 million to settle allegations by New York's bank regulator that it hid transactions linked to Iran. The announcement on Tuesday capped a week-long transatlantic dispute over the US investigation of a British bank and a furore over why New York Superintendent...
  • StanChart Iran row puts focus on India outsourcing August 7, 2012

    Mumbai: The New York banking regulator's accusation that Standard Chartered Plc hid $250 billion in transactions tied to Iran may bring fresh scrutiny on the outsourcing of sensitive functions by global financial institutions, especially to India. Standard Chartered lost $16 billion in market value on Tuesday as its shares plunged after...
  • Standard Chartered may lose NY licence August 7, 2012

    New York: In a rare move, New York's top bank regulator threatened to strip the state banking licence of Standard Chartered Plc, saying it was a "rogue institution" that hid $250 billion in transactions tied to Iran, in violation of US law. The New York State Department of Financial Services (DFS)...
  • 'We continued to do well despite global crisis' March 31, 2012

    Neeraj Swaroop Age: 53 years Designation: Was regional chief executive, India & South Asia at Standard Chartered Bank. He is now the regional chief executive for South East Asia (excluding Singapore) Education: IIT, Delhi and MBA from IIM Career: Worked at Unilever, India, HDFC Bank and Bank of America Interests: Watching cricket, travelling, swimming Q. A...
  • Air India to import fuel, to take Rs 1000 cr loan March 27, 2012

    Mumbai: Ailing national carrier Air India on Tuesday decided to import aviation fuel directly to save cost, apart from taking a bridge loan facility worth $ 195 million (about Rs 1,000 cr) from Standard Chartered Bank India for two of its 27 Dreamliners to be delivered to it shortly. "The Air...
  • Liverpool sponsors disappointed by Suarez affair February 14, 2012

    London: Liverpool's biggest sponsors criticized the club on Monday for their conduct during the fractious Premier League match against Manchester United that was marred by Luis Suarez's refusal to shake hands with Patrice Evra. The image of one of England's most successful teams took another battering on Saturday when Suarez snubbed...
  • Banks see 25 bps spike on Tuesday July 22, 2011

    Mumbai: Leading lenders Standard Chartered and HDFC Bank on Friday said they expect the Reserve Bank to hike its short-term lending rate by 25 basis points in the forthcoming monetary policy, a view echoed in an RBS survey of money market participants. "We see a 25...
  • Aircel-Maxis: CBI quizzes Stan Chart officials July 13, 2011

    New Delhi: CBI on Wednesday sought clarifications from Standard Chartered Bank officials in connection with its probe into former Aircel chief C Sivasankaran's allegations that the then Telecom Minister Dayanidhi Maran forced him to sell his company to Malaysia-based Maxis group in 2006. The agency has registered a preliminary enquiry into...
  • Watch: Mumbai Marathon gets a huge response January 18, 2010

    Thousands of Mumbaikars turned out to participate in the 7th Standard Chartered Mumbai Marathon on Sunday. Some ran for the prize, some for a host of causes and most for the fun of it. ...
  • Spirit of Mumbai first in marathon, Kenyan wins race January 17, 2010

    Mumbai: Kenyan sprinter Dennis Ndisso outran the competition in the seventh Standard Chartered Mumbai Marathon (SCMM) on Sunday morning while Bining Lyngkhoi stood first among Indian runners in the 42-km event. Ndisso completed the marathon in 2.12 hours to bag the title this year and Lyngkhoi clocked 2.20 hrs for his...
  • Blind rally gives the visually impaired a chance to drive May 31, 2009

    New Delhi: 15-year-old Manoj can't see. He doesn't know what Mathura Road or Sundar Nagar look like in the Capital. But while navigating a big car during the weekend, he knew exactly where both roads were and where they led to. “I really enjoyed myself. I was given a paper in...
  • And the award goes to the person who didn't win January 18, 2009

    Mumbai: Organizers of the Sixth Standard Chartered Mumbai Marathon 2009 were embarrassed when they mistakenly declared and felicitated a wrong person as the winner in the Indian women's category in the 42-km Main Marathon on Sunday afternoon. As the 'wrong' person basked in glory on the specially erected podium, the right...
  • Photogallery: Mumbai runs to remember 26/11 January 19, 2009

    Mumbai marathon ...
  • Solidarity show, Mumbai Marathon to start from Trident December 22, 2008

    Mumbai: Over 35,000 participants, including around 300 from other countries, will participate scheduled to be held on January 18 next year. As a show of solidarity with its hospitality partner, the Standard Chartered Mumbai Marathon will have a different starting point. The marathon will now start from the Trident Hotel,...
  • IDFC buys StanChart asset management business March 7, 2008

    New Delhi: Infrastructure Development Finance Company Limited (IDFC) has bought the asset management business of Standard Chartered in India for $205 million. The transaction is subject to certain regulatory approvals and other closing conditions, and is expected to complete in the second quarter of 2008. The consideration is before deductions for local...
  • Want less than Rs 1 lakh? Banks say that's no loan November 15, 2007

    Mumbai: Private and foreign banks are now trimming down their exposure to the sub-one lakh rupee loan category. It may no longer be easy to get a personal loan which is below 1 lakh rupees. Industry sources say big private and foreign banks - HDFC bank and ICICI bank, Standard...