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Page 2 - Standard Chartered

Standard Chartered sees senior banker exits in India as rivals circle

Standard Chartered Plc is losing several senior long-serving executives in its India operations, with some heading for new opportunities at rival local banks

Standard Chartered sees senior banker exits in India as rivals circle
Updated On : 02 Aug 2023 | 7:38 PM IST

Standard Chartered to trim more than 100 roles as part of cost cuts

"It is part of normal business activity to review our role requirements on an ongoing basis across the bank, to ensure that we remain effective in delivering our business strategy"

Standard Chartered to trim more than 100 roles as part of cost cuts
Updated On : 08 Jun 2023 | 8:26 AM IST

Standard Chartered to hire 100 staff for new China investment banking unit

The Beijing-based unit, which was awarded a licence in January, is being targeted for launch as early as the end of this year once it is cleared by local regulators, said John Tan

Standard Chartered to hire 100 staff for new China investment banking unit
Updated On : 09 May 2023 | 4:04 PM IST

Adani Group gets financial support from three Japanese banks: Report

Adani Group companies are planning to execute large-scale projects across infrastructure and utility space, and need cash flows for these

Adani Group gets financial support from three Japanese banks: Report
Updated On : 08 May 2023 | 6:59 PM IST

Standard Charted posts surprise 21% rise in profit on high interest rates

The bank said first-quarter pretax profit rose 21 per cent beating analyst estimates, as rising interest rates and increased trading in volatile markets boosted income at the emerging markets-focused

Standard Charted posts surprise 21% rise in profit on high interest rates
Updated On : 26 Apr 2023 | 11:51 PM IST

Standard Chartered, Akasa Air close operating lease of Boeing 737 Max 8

The first four MAX 8s were delivered between December 2022 and March 2023, the fifth is scheduled for delivery in the second quarter of calendar 2023

Standard Chartered, Akasa Air close operating lease of Boeing 737 Max 8
Updated On : 03 Apr 2023 | 7:02 PM IST

Standard Chartered closes operating lease of 5 aircraft with Akasa Air

Global banking group Standard Chartered on Monday said it has closed an operating lease of five new Boeing 737 MAX 8 aircraft with domestic carrier Akasa Air. While the bank already provides Akasa Air with corporate banking solutions and services, this is the first aviation finance transaction with the airline, Standard Chartered said in a statement. As part of the deal, structured, financed and arranged exclusively by Standard Chartered Aviation Finance, the first four aircraft were delivered to the airline between December 2022 and March this year, it said. The fifth and final aircraft is scheduled for delivery in the second quarter of 2023, Standard Chartered added. Akasa Air, which started operations on August 7 last year, had 19 Boeing 737MAX8 in the fleet as of March 25, according to an aircraft fleet tracking website. Standard Chartered has further strengthened its relationship with Akasa Air and supported its growth with these new additions to its fleet, said Kieran Corr,

Standard Chartered closes operating lease of 5 aircraft with Akasa Air
Updated On : 03 Apr 2023 | 5:57 PM IST

$100 mn repaid to Standard Chartered Bank, encumbrance released: Vedanta

Recently, Vedanta said that it has prepaid all its debt that was due for repayment till March 2023

$100 mn repaid to Standard Chartered Bank, encumbrance released: Vedanta
Updated On : 15 Mar 2023 | 11:47 PM IST

Adani plans to prepay $500 million loan due in March to banking group

Barclays Plc, Standard Chartered Plc and Deutsche Bank AG are among banks that lent Adani $4.5 billion to finance the purchase of Holcim Ltd. cement assets last year

Adani plans to prepay $500 million loan due in March to banking group
Updated On : 08 Feb 2023 | 11:29 PM IST

First Abu Dhabi Bank PJSC explored offer for Standard Chartered

A deal would create a bank with over $1 trn of assets; FAB has been assessing a deal for over 6 months

First Abu Dhabi Bank PJSC explored offer for Standard Chartered
Updated On : 05 Jan 2023 | 11:08 PM IST

RBI-ESMA logjam: Banks turn to EU, UK regulators over trade impact concerns

Banks expressed concerns about trade impact, disruptions seen in OIS, bond markets

RBI-ESMA logjam: Banks turn to EU, UK regulators over trade impact concerns
Updated On : 18 Nov 2022 | 12:56 AM IST

Bank officers' union protests against violation of HR norms by StanChart

The All India Bank Officers' Confederation (AIBOC) has alleged violation of HR practices by foreign lender Standard Chartered Bank and submitted a detailed memorandum requesting the bank's CEO for immediate remedial measures. The union also alleged that the bank is delaying in recognising Association of Standard Chartered Bank Officers (Kolkata) ASCBO despite several reminders. The right to form association/union is a fundamental right enshrined under Article 19 (1) (C) of the Constitution of India, and any attempt to disavow and thwart the fundamental rights of members of ASCBO will not be condoned by AIBOC, the memorandum said. "The obsolete pay scales and the unsettled service conditions beckons for an overhaul...it is imperative to approve fair and appropriate service conditions for the officers, in consonance with the industrial norms and practices," it said. AIBOC general secretary Soumya Datta urged the management of Standard Chartered Bank to initiate dialogue with the ASCB

Bank officers' union protests against violation of HR norms by StanChart
Updated On : 06 Nov 2022 | 10:53 PM IST

StanChart posts 40% jump in quarterly profit, raises income outlook

Standard Chartered posted a 40% increase in quarterly profit, as the emerging markets-focused bank benefited from a sharp rise in income on higher interest rates

StanChart posts 40% jump in quarterly profit, raises income outlook
Updated On : 26 Oct 2022 | 11:32 AM IST

Hong Kong homes on the verge of becoming least affordable in 24 years

Hong Kong housing is at risk of becoming the least affordable in 24 years, as rate hikes by the US Federal Reserve drive up borrowing costs in the Asian financial hub

Hong Kong homes on the verge of becoming least affordable in 24 years
Updated On : 22 Sep 2022 | 9:40 AM IST

Tata Sons to raise $500 mn in offshore loan, backed by BofA, SMB

Tata Sons will raise $500 million in offshore borrowings, backed by Bank of America, SMBC of Japan and Standard Chartered Bank

Tata Sons to raise $500 mn in offshore loan, backed by BofA, SMB
Updated On : 15 Sep 2022 | 12:09 PM IST

Standard Chartered raises India's current account deficit estimate to 3.8%

The British bank raised its CAD forecast for fiscal year ending March 2023 to 3.8% of India's GDP from its earlier estimate of 3.0%

Standard Chartered raises India's current account deficit estimate to 3.8%
Updated On : 07 Sep 2022 | 2:16 PM IST

StanChart CEO sees shallow and short recession by early 2023: Here's why

"I think central banks have to take this inflation problem head on," Winters told the Reuters Global Markets Forum (GMF) on Wednesday

StanChart CEO sees shallow and short recession by early 2023: Here's why
Updated On : 08 Jun 2022 | 8:37 PM IST

Mittals looking to raise $2 bn to buy portion of Singtel stake in Airtel

As per a media report, Mittals are in talks with some major banks like BNP Paribas, Bank of America, Citibank, JPMorgan, and Standard Chartered to raise over $2 billion

Mittals looking to raise $2 bn to buy portion of Singtel stake in Airtel
Updated On : 02 Jun 2022 | 12:44 PM IST

Standard Chartered settles case with Sebi in CG Power case; pays Rs 4.97cr

Standard Chartered Bank has settled with markets regulator Sebi a case pertaining to alleged violations of norms in the matter of CG Power and Industrial Solutions Ltd after paying Rs 4.97 crore

Standard Chartered settles case with Sebi in CG Power case; pays Rs 4.97cr
Updated On : 25 May 2022 | 8:19 PM IST

Loved by banks, bond trade worth Rs 2 trn faces scrutiny from RBI

Traders argue that the transactions are structured as so-called forward rate agreements, which are permitted by the RBI, allowing them to clear internal compliance checks

Loved by banks, bond trade worth Rs 2 trn faces scrutiny from RBI
Updated On : 22 Apr 2022 | 6:52 PM IST