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Banks looking at 'resolution' of Rs 1.5 lakh crore worth stressed assets in coming months

Banks looking at 'resolution' of Rs 1.5 lakh crore worth stressed assets in coming months

Enthused by speedy recovery of loans worth USD 2.5 billion by three lenders including ICICI Bank within days of mega USD 13-billion Essar deal, banks are now looking at resolution of stressed assets totalling Rs 1.25-1.50 lakh crore (nearly USD 20 billion) in coming months.

Suspected Singapore bank robber to be ''sent abroad'' - Thai police

A Canadian suspected of robbing a Singapore bank of S$30,000 ($22,250).

CCI rejects complaint against Standard Chartered Bank

The Competition Commission has rejected allegations of unfair business practices made against Standard Chartered Bank with respect to credit cards and loan facilities offered by it.

Sebi allows Stanchart to provide offshore investment advisory

Global giant Standard Chartered Bank has been allowed by regulator Sebi to offer advisory services on regulated offshore products like stocks, bonds and mutual funds in markets outside India.

StanC rejigs board; CEO Sands, Asia head Bindra to leave

The largest overseas lender by branch network in the country in a statement also said that its present chairman John Peace will leave the company some time next year.

StanChart exits loss-making institutional cash equities biz

Asia-focused Standard Chartered Bank Thursday announced closure of its loss-making institutional cash equities business with immediate effect and cutting 2,000 more jobs from its retail banking side as part of efforts to save USD 400 million in costs this year.

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

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'

Standard Chartered bank has three Indians on its board.

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

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

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

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

"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

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

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

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'

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

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.

StanChart H1 pre-tax net jumps 45% to $450 mn

Standard Chartered Bank Tuesday posted 45 percent jump in pre-tax profit in the January-June period at USD 450 million, but said macroeconomic situation and currency volatility make it 'cautiously optimistic' about the future.

Mahindra's realty firm forms JV with Standard Chartered Bank

Mahindra Lifespace and SCM would have an equal stake in the JV.

StanChart ties-up with ADB to support micro finance in Asia

Standard Chartered Bank Thursday said it has collaborated with the Asian Development Bank (ADB) to support the growth of the micro finance sector in Asia.