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Standard Chartered News

10 Sep 2021

Bitcoin price to reach $100,000 soon, $175,000 thereafter, says bank

Bitcoin price had scaled a four-month high above $52,000. A new cryptocurrency research team at Standard Chartered has predicted bitcoin will double in value and hit $100,000 by early next year. Bitcoin was at $46,024 in early European trading.

GMR Infrastructure Ltd

08 Oct 2018

GMR Infra settles arbitration with PE investors for 5.86% equity in GAL

Arbitration proceedings were administered by the Singapore International Arbitration Centre.

05 Dec 2017

Goldman Sachs, Standard Chartered eye 750 new jobs in Poland

A spokesman for Goldman Sachs said the bank would sharply increase its Polish headcount to between 750 and 800 by the end of next year, up from 525 now.

Standard Chartered

26 Apr 2017

StanChart first-quarter profit doubles to $1 billion as bad loans fall

The bank is attempting to show investors it can return to growth, after a sweeping restructuring under Chief Executive Bill Winters succeeded in cutting costs but also slashed revenues.

12 Mar 2017

ICICI Bank, SBI, StanChartered top bank frauds list: RBI

ICICI Bank topped the list of banks that witnessed most number of frauds during April-December period of 2016 with state-owned SBI taking the second spot, RBI data said.

12 Nov 2016

Chetan Bhagat demands good execution of demonetisation move, says 'don't use patriotism as excuse for bad operations'

As banks and ATMs on continue to witness chaos, famous novelist Chetan Bhagat on Saturday opined, while demonetisation might be well-intentioned, the poor execution of an idea leads to problems for ordinary citizens.

11 Jul 2016

Rare bank robbery highlights complacency in safe Singapore

A rare bank robbery in Singapore has sparked a social media debate on whether the country`s low crime rates made authorities and the population too complacent, questioned bank security and criticised police for not providing details of the incident.

Standard Chartered

03 Jul 2016

Normal monsoon key to India's continuing recovery: Standard Chartered

A normal monsoon is critical to India's continuing recovery, as a rise in agricultural growth could add 30-45 bps to GDP growth, says a Standard Chartered report.

06 Jun 2016

Inflation to moderate in second half of FY17: StanChart

The headline inflation rose to 5.4 percent in April, dashing hopes of a rate cut by the RBI. The RBI is targeting to get it down to 5 percent by early 2017.

India GDP growth

02 May 2016

'Good monsoon, consumer spending to see India GDP grow at 7.4% in FY17'

The Indian economy is expected to clock a GDP growth of 7.4 percent this fiscal largely driven by the lagged impact of a good monsoon and increased consumer spending, supported by pay commission awards, a Standard Chartered report said.

18 Apr 2016

Tata Steel appoints StanChart for UK unit sale

Tata Steel Europe said on Monday it had asked Standard Chartered to work as an adviser alongside KPMG to look for interested buyers. The bank has links with Tata Group in India and is expected to be tasked with finding possible suitors in Asia, especially among Chinese steel producers.

16 Apr 2016

Tata Steel working with StanChart for UK unit sale

Tata Steel Ltd has hired a team of Standard Chartered Plc bankers to help sell its loss-making UK business amid Britain`s attempt to prevent the closure of one of it`s biggest manufacturing operations, a source familiar with the matter said.

Standard Chartered

23 Feb 2016

Standard Chartered profit plunges to lowest since 1998

Profits at Standard Chartered plunged 84 percent last year, its worst result since 1998, sending the bank`s shares down as much as 10 percent on Tuesday as volatile markets, weak commodity prices and low interest rates took their toll.

15 Dec 2015

StanChart axes top bankers in energy M&A team

Standard Chartered plc has axed at least half a dozen oil and gas advisory banking roles in recent weeks, ending an eight-year attempt to build a global energy M&A team, people familiar with the matter told Reuters.

Standard Chartered

17 Nov 2015

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.

13 Nov 2015

Yes Bank inks pact with LSE for green funds

Yes Bank on Friday said it has signed a pact with the London Stock Exchange (LSE) for bonds and equity issuance with focus on green infrastructure finance, under which it plans to list up to USD 500 million green bond on the bourse by December next year.

Standard Chartered

03 Nov 2015

StanChart examines if IDR holders can buy into $5.1 bn rights issue

British major Standard Chartered Tuesday said it is examining the legal aspect as to whether Indian Depository Receipt holders of the lender can participate in the USD 5.1 billion rights issue programme.

Standard Chartered

03 Nov 2015

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.

Standard Chartered

03 Nov 2015

Standard Chartered axes 15,000 jobs, raises $5.1 bn in capital

The job losses are part of a major restructuring that will cost around USD 3 billion, the bank said.

05 Oct 2015

HDFC, Canara Bank, StanChart and others cut lending rate

Country's largest mortgage lender HDFC and four other lenders, including Canara Bank and StanChart, cut their base rates by up to 0.25 percent, a move that will make home, auto and other loans cheaper.

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