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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......

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 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......

Investing in foreign stocks to be easier now

Indian investors have had the option to buy shares listed on foreign stock exchanges for a few years. The process is set to get much easier, with the introduction of Indian Depository Receipts.......

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