Stating that the India franchise is adequately capitalised for the next five years, Singh expects the bank’s corporate book to grow 10-12% in FY26, though some large M&A deals could accelerate growth.
Ace investor Ashish Kacholia held 2.24% stake in the company at the end of the April-June quarter of the financial year 2026.
The gap, or impact on GDP, was closer to 25 to 40 basis points. At 50 percent, almost 50 percent of our exports to the US become non-tradable, priced out, and the impact then would be much larger, Sahay said.
PD Singh will succeed Zarin Daruwala who is set to retire on March 31.
Mandloi, who took over his new role on August 1, has been with Standard Chartered for almost three decades after starting as an international graduate in 1997
Reports suggested that Standard Chartered Bank was looking to sell its entire 3.09 percent stake in Protean eGov Tech, aiming to raise Rs 221.90 crore.
The total offer size is expected to reach Rs 221.9 crore at the upper end of the price range.
The compressed bio-gas plant with 12 tonne per day capacity at the Ajbapur Sugar Unit will produce compressed bio-gas using 'pressmud' as feed stock, a waste generated in the sugar manufacturing process, the company said in a statement.
The shift will be driven by factors such as post-election confidence, 'China plus one' strategy, and ongoing investment in energy transition, he says.
It is the latest in a series of such instances, with the lenders being asked to pay compensation, limited though it may be.
A Standard Chartered Bank report on sustainable banking, is based on investor interest from a survey of 1,800 respondents in 10 growth markets across Asia, Africa and the Middle East.
As part of the partnership, the bank will be able to extend additional limits to the dealers exclusively for procurement of EVs from Tata Motors, through its subsidiary Tata Passenger Electric Mobility
Mumbai, Oct 18 British lender Standard Chartered Bank has unveiled an initiative to support employees facing menopause-related issues. Under t..
The bank’s South Asia research chief added that the RBI's open market operation interpretation is primarily to reduce volatility in the government bond market.
The Private Banking Centre is the fifth after Bengaluru, New Delhi, Kolkata, and Mumbai.
Vedanta Resources said in an exchange filing that it has repaid three facilities, which were taken from Standard Chartered Bank in London and Hong Kong.
Vedanta Resources Ltd has earlier said it has enough means to meet debt repayment liabilities in the coming quarters as it looked to assuage investor concerns around its financial position.
The initiative will support the company's dealer partners across the country and enable them to expand their businesses and operations, the two-wheeler maker said in a statement.
The new funding round was a mix of long-term debt capital from venture debt firms Alteria Capital and Stride Ventures and working capital finance from banks such as Standard Chartered Bank, HDFC Bank, and ICICI BankLEAD plans to use the funding for financing the company's organic and inorganic growth.
The foreign bank expects the country to record a BoP deficit of $24 billion this fiscal year and $5.5 billion in the next, against a surplus of $47.5 billion last year.
A second FIR alleges that a consortium of banks led by the SBI issued SBLCs for $3,876.60 million to Videocon Hydrocarbons, in violation of rules and without minimum due diligence.
The Mehtas of Winsome Diamonds who owe over a dozen Indian banks more than Rs 5,000 crore now face the heat through proceedings in the high court in London
Gundewar, presently serving as the deputy CFO of the bank, will succeed Bharat Sampat.
CNBC-TV18 in association with Standard Chartered Bank celebrated its marquee event, the 17th India Business Leader Awards on 1st April 2022.
Driving forward the theme ‘Navigating 2022: Chasing the Recovery’, the meeting brought together Global & Indian CEOs to discuss with CNBC-TV18’s Managing Editor, Shereen Bhan, what the year holds amidst the uncertainties brought on by the pandemic