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StanChart IDR lists at 1% premium on BSE

British banking major Standard Chartered's Indian depository receipts today listed on the BSE with a premium of nearly one per cent at Rs 105. After a firm opening on the Bombay Stock Exchange,......

StanChart IDRs subscribed 2.2 times

Standard Chartered Plc's Rs 2,760-crore (Rs 27.60 billion) maiden Indian depository receipt (IDR) issue got a robust demand from investors on the final day of the offer on Friday and got subscribed......

Stanchart seeks Sebi nod for over Rs 2,000 cr IDRs

For the first ever global listing in India, Standard Chartered on Tuesday sought regulatory approval for raising over 500 million dollars through Indian depository receipts. The UK-based Standard......

StanChart to hire 2,500 people in India

Global banking major Standard Chartered on Wednesday said it plans to increase its headcount in India by 2,500 people during the current year to 20,000. The UK-based bank, which is looking at......

Why are foreign banks marching out of retail banking?

Foreign banks set the template in consumer banking in its infancy, but have almost vacated this booming space. Raghu Mohan reports. Illustration: Dominic Xavier/Rediff.com On March 8, Axis Bank......

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