Standard Chartered

Bank says annual income growth expected at top end of 5%-7% guidance range; wealth management income jumps 27% in Q3

Three key risks for Indian equities but rest of 2025 likely to be better, says StanC's top investment official

Earnings and economic growth in India are expected to revive in the second half with the worst behind us and domestic focused sectors are likely to do well, says Manpreet Gill, Chief Investment Officer - Africa, Middle East & Europe (AMEE), Standard Chartered.

Committed to providing $1billion in financing to female entrepreneurs by 2028, says Standard Chartered's Xie Wen

Green loans is another area of interest for the global head of SME Banking at the London-based bank. India is one of the top 3 markets, with climate investment potential of $543 billion, says Xie Wen

Standard Chartered launches bitcoin, ether spot trading for institutional clients

Some financial institutions have said they are seeing more client demand for crypto products as the price of bitcoin hits record highs

Standard Chartered faces $2.7 billion lawsuit linked to 1MDB

Liquidators began legal proceedings against the UK-headquartered bank in Singapore, according to a statement released on Tuesday

Standard Chartered faces RBI scrutiny over lapses in derivatives sales

The RBI’s review of Standard Chartered is ongoing, with focus on derivative products and risk governance

StanChart picks ex-JPMorgan executive as next India head: Report

The Asia-focused lender has sought approval from the central bank for P D Singh appointment

StanChart sets $200 billion new wealth assets target, focuses on Chinese and Indian wealthy

The Asia-focussed bank wants to expand in serving wealthy Chinese and Indian clients who have assets offshore or cross-border needs

StanChart front-runner to become the Dollar settlement bank in GIFT City

The move is likely to speed up transactions at a time when foreigners are showing greater interest in India and its sovereign bonds are added to global indexes, including those of JPMorgan Chase & Co.

StanChart refreshes India strategy to target wealthy

Standard Chartered’s plans mirror those of several global peers and large wealth managers, which are clamoring for a share of managing India’s massive wealth generation

Standard Chartered India CEO Zarin Daruwala to retire on April 1, 2025

Zarin Daruwala's leadership of the franchise has helped make India one of the largest markets for the Group, says Standard Chartered

Grasim Industries’s clean energy arm in advanced talks with Qatar’s Nebras Power for investment

If the deal fructifies, it will perhaps be the debut investment by Nebras Power in the Indian renewable energy segment

Standard Chartered picks Zuzar Tinwalla as chief technology and operations officer

Tinwalla is the member of the TTO Asia Management Team (MT) and will continue to be a part of India Country MT.

Standard Chartered’s Manish Jain set to join Yes Bank

In June, Ankur Khurana took over as Standard Chartered’s head of corporate, commercial and institutional banking head after Ashish Vijayakar left the firm after 24 years, Bloomberg News reported.

RBI penalises Standard Chartered India Rs 30 lakh for rule violations

The bank allotted multiple customer identification code to some of its individual customers, the RBI said.

HSBC, Standard Chartered face pressure from Hong Kong to take on crypto clients

The UK-based lenders and the Bank of China were questioned by the Hong Kong Monetary Authority last month on why they are not accepting crypto exchanges as clients, according to the report.

StanChart trimming more than 100 roles as part of cost cuts

The bank has started trimming roles in middle office functions including human resources and digital transformation in Asia in the last few weeks, according to people familiar with the matter, who asked not to be identified as the information is private.

India’s goods exports to touch $773 billion by 2030, Standard Chartered says

India is expected to grow its exporting sectors by supporting innovation and capacity expansions, as well as building sector ecosystems, the report has said.

Jefferies’ long-only portfolios add Zomato, SBI Life, remove HDFC Life

In Chris Wood’s weekly newsletter, he detailed how some of the Asia (ex-Japan) portfolios have been changed

Bitcoin could hit $100,000 by end-2024, Standard Chartered says

Bitcoin could gain from factors including recent turmoil in the banking sector, a stabilisation of risk assets as the U.S. Federal Reserve ends its rate-hiking cycle and improved profitability of crypto mining, Standard Chartered's head of digital assets research Geoff Kendrick said in a note.

Zee enters into a one-time settlement with Standard Chartered for credit facility availed by Siti Networks

Standard Chartered Bank had sanctioned certain credit facilities to Siti Networks, which was inter-alia secured by DSRA (Debt Service Reserve Account) support and undertaking from ZEEL.

Standard Chartered-owned crypto custodian registers with Luxembourg regulator

The registration will allow Zodia to provide digital asset custody services for financial institutions in Luxembourg, the company said.

Standard Chartered to hire up to 500 staff in Hong Kong after reopening

The lender expects “double-digit” growth in wealth management income and “single-digit” loan growth, according to a spokeswoman. The lender’s headcount in Hong Kong has ranged from 5,500 to 5,800 in recent years, she said.

Standard Chartered sells CG Power shares worth Rs 298 crore

According to block deal data available with BSE, Standard Chartered Bank (Singapore) Ltd sold 1,38,45,000 shares in six tranches, amounting to a 0.91 per cent stake in the company.

Standard Chartered rolls out digital bank in hot Singapore market

The companies unveiled Trust Bank owned 60% by the London-headquartered lender and the rest by Singapore-based supermarket FairPrice Group and its parent NTUC Enterprise that offers a savings account, credit card, and a family personal accident insurance.