Stanchart

Banks having units in the GIFT City have been asked to set up trading accounts with the British bank, said the people, who asked not to be identified as discussions are private.

Rupee bear StanChart now sees it rising to highest since August

The British lender now sees the base case for the rupee at 81 per dollar by end-2023 but says the currency can easily gain to even 79 levels, Parul Mittal Sinha, head of financial markets for India, said in an interview.

StanChart stops accepting Adani bonds as collateral: Report

The move follows similar actions by Citigroup Inc.’s wealth arm and Credit Suisse Group AG, as the Adani securities were roiled by allegations of fraud from US-based Hindenburg Research. The Adani group has repeatedly denied the short seller’s allegations.

First Abu Dhabi Bank says it had considered making offer for StanChart

Bloomberg had earlier reported that FAB had been exploring an offer for Standard Chartered as part of a plan aimed at building an emerging markets bank, driving StanChart shares up as much as 20%.

Oversupply of India bonds to drive yields to 8%, StanChart says

The lender estimates that excess supply of sovereign and state debt may total as much as 6.3 trillion rupees ($81 billion) this fiscal year. That’s likely to further upset a market that’s struggling to cope with rising interest rates and dwindling surplus liquidity, said Parul Mittal Sinha, head of India financial markets at the bank.

Standard Chartered CEO sees shallow and short recession by early 2023

Standard Chartered Chief Executive Bill Winters forecasts a "very modest and short" recession by early next year as central banks fight rising inflation caused by structural cost constraints such as wage increases.

Standard Chartered sets aside $900 million to cover US, British fines

StanChart has been under scrutiny by authorities in both Britain and United States for at least seven years.

India tops as Asia's most investment savvy economy: StanChart

According to a new Standard Chartered study of 11,000 emerging affluent consumers across Asia, Africa and the Middle East, 68 per cent of Indian people belonging to this segment are using investment products to achieve their financial goals, as compared to an average figure of 57 per cent.

ICICI, Axis, StanChart get back USD 2.5 bn of Essar loans

Within days of Essar Group signing a mega USD 12.9-billion asset sale in its oil business, three top lenders -- ICICI Bank, Axis Bank and StanChart -- have got back an estimated USD 2.5 billion as part of the first payment for their debt exposure to the Ruias-led conglomerate.

Keep an eye on PNB, Kotak Mahindra, Airtel and Maruti

Stocks that are likely to be in demand are Punjab National Bank, StanChart, Tata Motors, Maruti Suzuki India, Kotak Mahindra Bank, Bharti Airtel, NCC,Standard Chartered.

Expect USD-INR to open higher at 66.85-66.9/USD: Agam Gupta

We expect the USD-INR pair to trade between Rs 66.75-67.10/USD range today, says Agam Gupta, StanChart.

Expect USD-INR to open slightly higher: Agam Gupta

The USD-INR pair should range between 66.10-66.35/dollar today, says Agam Gupta of StanChart.

StanChart announces $5.1 billion capital-raising plan

The loss for the July-September quarter compares with a USD 1.5 billion profit in the same period a year ago.

Jan WPI at -0.39, experts see 50 bps rate cut in April

The Wholesale Price Index (WPI) for January came in at negative 0.39 percent versus CNBC poll of 0.15 percent. The data shows a decline in core inflation but food prices have inched up. Experts discuss the possibilities of another round of rate cut.

Bharti Airtel hits intl bond street for 3rd time this year

The company is offering the five year Euro bonds for investors and the money is being raised through its wholly owned Bharti Airtel International (Netheralnds) BV

Lifting cap on FII holdings in G-secs can net $40 b: Report

The removal of restriction in FII investment in government securities (G-secs) will make India eligible for inclusion in the JP Morgan's Government bonds-emerging markets index, a popular index among emerging market investors, StanChart said in a report.

Stable auto sales, exports may sustain growth: StanChart

Speaking to CNBC-TV18, soon after the July IIP numbers were released, Samiran Chakraborty, head - Research (India) Standard Chartered Bank says he had actually expected a better number than the 2.6 percent that has come in.

Rupee to hover in 61.25-61.75/$ range today: StanChart

Agam Gupta believes that government should continue with its stance of tightening short-term rates and should liberalise non-resident Indian (NRI) deposits to attract NRI money.

Evening Wrap: Top trending headlines on Tuesday

Here are the top headlines of the day:

See rupee in 58-60/$ range, high yields for now: StanChart

Standard Chartered Bank's Ananth Narayan believes some amount of intervention from the RBI right now will find the rupee strengthening in the short run

Rupee to stay in 58-62/$ range now; CAD may dip: StanChart

Market is reaching levels where if we have a better stability, manage to entice investors again to breach the smaller CAD gap now, we could be reaching levels where the rupee should start to stabilise, says Standard Chartered Bank's Ananth Narayan

Rupee may break 60/$ if FII outflows pickup: StanChart

Standard Chartered Bank's Agam Gupta believes if foreign outflows pickup, rupee is likely to break the psychological 60/USD mark.

Lenders group to recover Rs 4Kcr default from Winsome

A consortium of 15 banks, mostly state-run lenders which face the prospects of losing about Rs 4,000 crore after three foreign lenders of the troubled jewellery exporter Winsome Diamonds encashed their letters of credit, have formed a core group to monitor the issue on a regular basis.

Fundamentals of European countries improving: StanChart

Sarah Hewin of Standard Chartered says the dire risks that the market was concerned about this time last year have receded for the moment.

Winsome Diamonds turn defaulters, lenders tighten screw

CNBC-TV18's Gopika Gopakumar reports that Winsome Diamonds could be the next big non-performing asset (NPA) on the books of 15 banks. After rating agencies downgraded the Rs 4,000-crore Winsome Diamonds, lenders say payments could be delayed, but they are confident of recovering dues from the company.