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  • We don't need to overpay for deposits anymore: Unity SFB's Jaspal Bindra

    We have no immediate need to raise funds. We have few years before the IPO mandate kicks in; there is ample time to plan, Bindra said

  • “We are not PMC Bank. We are Unity, we are a different institution,” Jaspal Bindra says in exclusive interview 

    “We are not PMC Bank. We are Unity, we are a different institution,” Jaspal Bindra says in exclusive interview 

    Unity Small Finance Bank (Unity SFB) will try and help arrange some liquidity-- directly or indirectly-- for Punjab and Maharashtra Co-operative Bank (PMC Bank) depositors as and when they need it, the Centrum Group chairman said. The recent controversy over BharatPe founder Ashneer Grover’s personal conduct with a Kotak executive doesn’t affect Unity SFB, a joint venture between Centrum Group and the fintech firm, Bindra said. 

  • No communication from Jaspal Bindra to RBI for reconsideration of JV with BharatPe: Centrum

    No communication from Jaspal Bindra to RBI for reconsideration of JV with BharatPe: Centrum

    The clarification from Centrum comes amid speculations that Bindra wrote to the RBI in the wake of the episode involving Ashneer Grover allegedly abusing a Kotak Group employee.

  • Bullish on Indian consumption story, demand: Centrum Chairman

    Bullish on Indian consumption story, demand: Centrum Chairman

    The underlying strength in Indian consumption and demand continues to remain strong and the country's equity markets remains a favourite for investors globally, says Jaspal Bindra, Chairman, Centrum Group.

  • Jaspal Bindra takes over as Centrum Group chairman

    Jaspal Bindra takes over as Centrum Group chairman

    For 55-year-old Jaspal Bindra, who was one of the poster boys of the Indian management talents in global financial markets for over three decades, this is a home coming.

  • Ex JPMorgan exec to replace Sands as new StanChart CEO

    Ex JPMorgan exec to replace Sands as new StanChart CEO

    Standard Chartered said on Thursday Chairman John Peace will also leave next year, and named other changes to its board in a massive overhaul in management following a run of problems for the UK bank prompted top shareholders to call for change.

  • Post poll policy changes key to salvage economy: StanChart

    Post poll policy changes key to salvage economy: StanChart

    Speaking to CNBC-TV18‘s Menaka Doshi, Bindra, alongwith Sanjay Nayar, chief executive officer, KKR India and Pawan Goenka, president- automotive and farm equipment, Mahindra and Mahindra shares his views on the Indian economy and the road ahead.

  • India needs to take action on rupee: StanChart Asia CEO

    India needs to take action on rupee: StanChart Asia CEO

    The weak Indian rupee has impacted earnings at Standard Chartered Bank and India needs to exercise some "fiscal control" with regards to the currency, Jaspal Bindra, CEO Asia for Standard Chartered, said on Thursday.

  • Sunil Kaushal is StanChart India head

    Sunil Kaushal is StanChart India head

    The country's largest foreign lender Standard Chartered today appointed Sunil Kaushal as its chief executive for India and South Asia. Kaushal takes over from Neeraj Swaroop who will relocate to Singapore as chief executive for Southeast Asia

  • How investors lost arbitrage opportunity on StanChart IDR

    How investors lost arbitrage opportunity on StanChart IDR

    Investors who were hoping to profit from the difference in the price of the Standard Chartered stock (on London and Hong Kong bourses) and its Indian Depository Receipts(IDRs) have been caught unawares by the latest Sebi ruling on the IDR convertibility.

  • Hope regulators will evolve structure for IDRs: StanChart

    Hope regulators will evolve structure for IDRs: StanChart

    UK's Standard Chartered Bank, which is the first and only foreign lender to issue Indian depository receipts, will not be required to convert their IDRs into shares as per the guidelines issued by the Sebi. Talking about the issue, StanChart's group chief executive, Jaspal Bindra said the convertibility was subject to regulations.

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