Page 3 - Standard Chartered
Bandhan Bank to focus on affordable housing post takeover of Gruh Finance
Lender bets on MSME sector as well, starts co-branded credit card with Stan Chart
 "Bandhan Bank to focus on affordable housing post takeover of Gruh Finance")
StanChart to be first foreign bank to launch ops at GIFT IFSC; may open branch this yr
The GIFT City Thursday said US-based Standard Chartered will be the first foreign bank to launch operations at International Financial Services Centre (IFSC). Standard Chartered has received in-principle regulatory approvals to set up its IFSC Banking Unit (IBU) in Gujarat International Finance Tec-City (GIFT City), it said in a release. The US-based lender is expected to start operations at IFSC by the end of this year, a GIFT City spokesperson said. The government had envisaged GIFT IFSC as a hub to bring offshore financial transactions, and with the presence of Standard Chartered, the IFSC ecosystem of India will become more formidable now, said Tapan Ray, MD & Group CEO, GIFT City. "In addition, the announcements made in the recent Union Budget have provided the much needed impetus to take GIFT on a fast track mode. This would definitely incentivise more international financial intuitions to set up their base in GIFT City," he said. The recent Budget has laid a special ...
Top 10 biz headlines: No relief for FPIs, more trouble for TikTok, and more
From super-rich tax to RCom's SIM swap fraud, Business Standard brings you the top headlines that made news on Thursday
Standard Chartered to pay $1.1 billion for sanctions violations
The settlement by the London-based bank is among the most severe imposed for sanctions violations, some of which occurred not long after Standard Chartered settled similar charges in 2012
 "Standard Chartered to pay $1.1 billion for sanctions violations")
StanChart to take $160 million charge from private equity sale
The bank is expected to take a restructuring charge of about $160 million from the sale
StanChart to raise up to $750 mn
StanChart to raise up to $750 mn
Standard Chartered to quit financing new coal-fired power plants
The company announced further steps that it is taking to meet its commitment to supporting the Paris Agreement on climate change
 "Standard Chartered to quit financing new coal-fired power plants")
GDP growth to recover to 7% in next few quarters: Standard Chartered report
Said the market is concerned about fiscal slippage in FY18 in the wake of GST implementation and higher crude oil prices
 "GDP growth to recover to 7% in next few quarters: Standard Chartered report")
Standard Chartered expects Brexit relocation will cost $20 million
In order to secure market access to the European Union when Britain leaves the bloc
Lack of dividend and loan growth take shine off Standard Chartered
The bank's profit jumped 93% in the six months to the end of June
Standard Chartered PE to set up Rs 1,900-crore warehousing JV
GST will increase need for integrated logistics services, improve interstate transportation of goods
 "Standard Chartered PE to set up Rs 1,900-crore warehousing JV")
Standard Chartered Q1 profit doubles to $1 bn as bad loans fall
StanChart said it made a pre-tax profit of $1 bn, up from $589 million in the same period a year ago
 "Standard Chartered Q1 profit doubles to $1 bn as bad loans fall")
StanChart PE sells 1.41% stake in Fortis for Rs 139 cr
The shares of the company were sold at an average price of Rs 190.66 apiece
Standard Chartered gets down to 'war-gaming' Trump trade battles
CEO Winters says bank planning in case 'things get very messy'
StanChart global lay-off to hit 40-50 banking staff in India
The rationale behind this exercise is to reduce duplication of work
Standard Chartered to cut 10% of corporate, institutional banking staff: Sources
The job cuts will be rolled out beginning this week across all the bank's major business centres
Standard Chartered chairman Sir John Peace favours internationalisation of rupee
His comments came at a time when masala bond has come up as an instruments to attract international investment
 "Standard Chartered chairman Sir John Peace favours internationalisation of rupee")
StanChart under regulators' scanner in Hong Kong
Standard Chartered said Hong Kong's securities regulator is investigating its role as a joint sponsor of an initial public offering (IPO) in 2009 and could take unspecified action against the British lender's Hong Kong unit. The disclosure of the probe on Tuesday by Standard Chartered comes days after Swiss bank UBS also said Hong Kong's Securities and Futures Commission (SFC) is investigating its role as sponsor of certain unnamed stock market listings in the city. In its earnings release, Standard Chartered said the SFC had informed the bank that it intended to take action against Standard Chartered Securities (Hong Kong) Ltd (SCSHK) in relation to its role on the IPO and that such action, if taken, may result in financial consequences for SCSHK. The British bank did not identify the IPO concerned.Standard Chartered's Hong Kong brokerage unit, previously called Cazenove Asia Ltd, acted in only two IPOs in 2009, the $216 million listing of timber company China Forestry Holdings Co Ltd
Standard Chartered to grow commercial banking biz by 10%
India remains a key market for Standard Chartered Bank, says Sanjeev Paul
 "Standard Chartered to grow commercial banking biz by 10%")
StanC, Uber tie up to offer discounts
Foreign lender Standard Chartered Bank on Monday announced a tie-up with Uber under which its credit cardholders, across six countries, will get a cash- back of up to 25 per cent for hailing cabs from the app."We are confident that our customers will find value in this partnership as we continue to explore avenues to enhance our digitally enabled banking experience," Standard Chartered retail banking head Shyamal Saxena stated.In India, the cardholders will get a 20 per cent cash-back on all Uber rides, subject to a cashback cap of Rs 600 a month.
