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Standard Chartered fined $300 mn over laundering controls

Last Updated: Wednesday, August 20, 2014, 00:32

New York's banking regulator hit Standard Chartered Bank with a USD 300 million fine and restrictions on its dollar-clearing business Tuesday for inadequate controls on money laundering.

StanChart India's H1 2014 op profit down 10% to $395 mn

Last Updated: Wednesday, August 06, 2014, 18:39

Its operating income dipped to USD 759 million, down from the year ago period's USD 908 million.

'Pak-origin Naguib Kheraj may be Stanchart's new Chairman'

Last Updated: Thursday, July 24, 2014, 17:00

Standard Chartered bank has three Indians on its board.

'Equity market upside may be significant in next 18-24 months'

Last Updated: Tuesday, June 10, 2014, 20:38

Indian equity market's upside is expected to be significant over the next 18-24 months, which in turn should continue to fuel investor appetite for domestic cyclicals, according to a report by Standard Chartered Bank.

Middle-income Indians most hopeful of economic growth: Survey

Last Updated: Wednesday, June 04, 2014, 21:20

Middle-income Indians are most confident among the people of emerging markets about the economic growth prospects of their country, says a survey.

Government may borrow 5.8-6 trillion rupees next FY: StanChart

Last Updated: Thursday, February 13, 2014, 13:24

Standard Chartered Bank estimates the government will announce on Monday gross borrowing for 2014/15 of 5.8-6 trillion rupees, based on the government`s fiscal deficit target of 4.2 percent of GDP.

Bullish on G-Secs; see inflation dip, stable rates: StanChart

Last Updated: Monday, January 06, 2014, 18:00

"If our inflation expectations are met, we believe the RBI is unlikely to hike the repo rate at its 28 January policy meeting," StanChart said in a report.

S'pore banks told to boost security after StanChart data theft

Last Updated: Friday, December 06, 2013, 15:38

Singapore's central bank has called on financial institutions to tighten up cyber security after a database on elite customers of Standard Chartered Bank was compromised.

StanChart sees marginal breach in FY'14 fiscal deficit target

Last Updated: Thursday, November 07, 2013, 21:21

Standard Chartered Bank Thursday warned of a 0.2 percent slippage in fiscal deficit at 5 percent of India's GDP due to slower revenue growth.

StanChart says has cut 2,000 jobs this year

Last Updated: Tuesday, October 29, 2013, 13:48

Standard Chartered has cut about 2,000 jobs across the bank in the past year and expects little change in the rest of 2013, marking the first time for many years it has cut staff as it tightens costs in the face of slowing growth.

'RBI unlikely to reverse liquidity tightening steps on Sep 20'

Last Updated: Tuesday, September 17, 2013, 20:56

Reserve Bank's new Governor Raghuram Rajan may wait for signs of a sustained stability in the rupee and is unlikely to reverse the liquidity tightening steps at Friday's mid-quarter review, Standard Chartered Bank said Tuesday.

Foreign banks to provide upfront loans for NRIs

Last Updated: Monday, September 16, 2013, 15:50

Foreign banks will provide upfront financing for wealthy non-resident Indian clients to entice them to place bulky dollar deposits back home in response to India's drive for dollar funding to defend its weak currency, sources told Reuters.