Page 3 - Standard Chartered

Standard Chartered, IATA tie up forh payment platform for airline industry

Standard Chartered said it has partnered with the International Air Transport Association (IATA) to launch a payment platform for airline industry in India.

StanChart full-year profit doubles, to begin $750 mn share buyback

The bank said the improved outlook led it to raise its target of delivering a return on tangible equity of at least 7% by 2023, with its longer-term goal being a double-digit return

Standard Chartered's NBFC arm ramps up retail book fast

The bank has 100 branches in the country, but is obliged to open roughly 40% of its branches in rural areas. An NBFC has no such obligation as of now

Citigroup's Asia retail units may draw bids from DBS, StanChart

Binding bids for Citigroup's retail assets in Indonesia, the Philippines, Taiwan and Thailand are due on Friday, while offers for the India unit are due next week

RBI penalises Standard Chartered Rs 1.95 cr for gaps in customer protection

Regulator found that bank did not credit amounts involved in unauthorised electronic transactions (shadow reversal) and did not report cyber security cases within prescribed time

Standard Chartered sees bitcoin hitting $100,000 by early next year

Bitcoin was at $46,024 in early European trading on Wednesday

Return of the fat cats? Europe's bank bonuses rise as profits rebound

Banks have added billions of dollars to bonus pools as they try to reassure restless staff they will be rewarded in 2021 after a lean 2020.

Wall Street giants get swept up by India's brutal coronavirus wave

India's total coronavirus infections have risen to 21.5 million, of which about a third were added since mid-April

Singapore-based SC Ventures plans to divest its stake in B2B company

According to sources, the platform, set up last September, hopes to hit the unicorn status ($1 billion) by the mid-third quarter of next year

Saudi local office must for foreign firms to get state contracts from 2024

The government has told foreign companies that, from 2024, they can only secure state contracts if they have local offices

Rate-hike bets in India escalate ahead of possible global tightening

Five-year interest-rate swaps jumped 63 basis points in February, reflecting growing expectations of a tighter monetary policy

Standard Chartered CEO's pay drops by 29% amid 2020 profit miss

Winters' total renumeration dropped to £3.8 million, down from £5.4 million in 2019

How StanChart wants to go way beyond WFH for 85,000 staff in nine countries

From early next year, it will offer those employees the option of heading to a "near home" location

StanChart to make flexible working arrangements permanent from 2021

The Asia, Africa and Middle East-focused bank said it aims for around 50% of its markets, comprising around 70% or 60,000 of its employees, to be able to adopt hybrid working patterns by the end of 20

StanChart GBS' largest office globally coming up in Chennai's DLF Downtown

Standard Chartered GBS is leasing 770,000 sq ft to set-up its largest office establishment in this project

V-shaped recovery unlikely in India as Covid cases rise: StanChart chief

India's economy contracted by nearly a fourth in the June quarter as a result of the lockdowns during the early days of the pandemic

Top headlines: Modi defends farm bills, HSBC, StanChart shares at 22-yr low

From PM Modi again defending farm bills amid Opposition protests, Petronet buying LNG cargo to gold smuggling dropping due to coronavirus, Business Standard bring you the top headlines of the day

ED fines Standard Chartered Rs 100 cr for FEMA breach, penalises two others

TamilNad Mercantile Bank slapped with Rs 17 cr penalty, its former chief told to cough up Rs 35 cr

Zoom not a safe platform, says MHA advisory; SpaceX, Google ban use

The advisory further gives detailed instructions on the safe use of the platform including security configurations through website and app

Coronavirus: Standard Chartered to fund ventilator project of IIT Kanpur

tandard Chartered has approved a "generous" CSR funding that will be used for research and development of the prototype, followed by testing of the device and clinical trials