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Nitin Kapadia appointed Head of StanChart Securities

Standard Chartered Securities India on Saturday announced the appointment of capital markets veteran Nitin Kapadia as its head and executive director.

Standard Chartered ropes in ICICI Bank's Zarin Daruwala as India CEO

Standard Chartered ropes in ICICI Bank's Zarin Daruwala as India CEO

The country's largest foreign lender Standard Chartered Tuesday appointed Zarin Daruwala of ICICI Bank as its new Chief Executive in the place of incumbent Sunil Kaushal who will be elevated as the regional head for Africa and West Asia operations.

Standard Chartered posts Q2 loss; to cut India exposure, 15,000 jobs globally

Standard Chartered posts Q2 loss; to cut India exposure, 15,000 jobs globally

"India has faced a slowdown in economic growth since 2012, relative to the higher rates of previous years, combined with high indebtedness in some corporate sectors and lower appetite for refinancing, reducing the success of corporate debt restructuring and distribution efforts," the August 2015 statement said.

StanChart to acquire Morgan Stanley's private banking arm

Standard Chartered India on Monday said it has agreed to acquire the private wealth management business of Morgan Stanley India for an undisclosed amount, subject to regulatory approvals.

StanChart India operating profit dips 16% to $676 mn in 2012

Standard Chartered India Tuesday reported 16 percent drop in its 2012 pre-tax profit at USD 676 million due to lower corporate activity and currency fluctuations, but its coveted position as the third largest profit centre for its British parent is intact.

No immediate impact of US action on StanChart ratings: S&P

Standard and Poor's Tuesday said its ratings for Standard Chartered and its subsidiaries are not immediately affected by the charges made against the banking giant in New York for its Iran transactions.

After HSBC, StanChart's India outsourcing under US scanner

Outsourcing of key oversight jobs by global banks to India has come under the scanner for the second time in less than a month for exposing the US financial system to terrorists and money laundering risks.