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After Lehman Brothers and StanChart, it's DMK time!

Why is an NRI banker with an MBA from MIT canvassing votes in Madurai?Saisuresh Sivasawamy/ A Ganesh Nadar/ reports. IMAGE: Palanivel Thiagarajan has a ready smile, and......

StanChart looks to shed $1.4-billion loans in India

  Standard Chartered is looking to shed stressed loans worth $1.4 billion (Rs 9,284 crore) made to Indian firms, including the GMR group, to revamp its asset book. According to Bloomberg, the......

Can the new India CEO Zarin Daruwala lift fortunes of StanChart?

A veteran of 26 years with ICICI Bank, 50-year-old Daruwala resigned on November 17. As India CEO of Standard Chartered, Daruwala will report to Ajay Kanwal, regional CEO, Asean & South Asia. When......

StanChart shakeup turns screws on India's tycoons

Among India's capital-starved local banks, Essar is viewed as too big to fail, notes Una Galani. A shake-up at Standard Chartered could finally turn the screws on India's tycoons. The......

StanChart to axe 15,000 jobs, raise $5.1 billion in turnaround plan

This is part of an 'aggressive and decisive set of action' to shore up the company.  Standard Chartered said it would axe 15,000 jobs and raise $5.1 billion by selling new shares as its new......

StanChart CEO plans to cut about 1,000 top staff

Disposals also likely, clients to be cut - CEO memo to staff Standard Chartered's new Chief Executive Bill Winters plans to cut up to a quarter of the bank's most senior staff to reduce costs,......

StanChart extends $30 Million/Year Liverpool sponsorship

Asia-focused bank Standard Chartered has extended its sponsorship of Liverpool Football Club for two years, continuing one of the most lucrative deals in English sport. Standard Chartered, which is......
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StanChart may take a hit on Essar loan

New Delhi: Standard Chartered Bank may have to take a haircut on its exposure of more than $3 billion to Essar Global, the group holding company,... ...
StanChart can finally start to move beyond its woes in India

Standard Chartered last year booked its first loss in more than a quarter century due to a sharp drop in revenue and surging loan impairments... ...
Essar Oil deal to pull StanChart out of loan mess

Essar Oil's Vadinar refinery in Gujarat Standard Chartered Bank India, struggling with bad loans, is likely to be one of the biggest gainers from... ...
ICICI, StanChart, SBI stocks jump up to 7 per cent on Essar deal

ICICI Bank was the biggest gainer and its share price jumped 6.9 per cent on Monday, adding Rs 9,771 crore to its market valuation. Shares of ICICI... ...
StanChart to grow commercial banking business by 10%

Standard Chartered Bank, largest foreign lender in India in terms of branches, says it is now aiming to grow its corporate client base by 10 per... ...

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