Standard Chartered Bank

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

On a combined basis, this would be among the largest open offers in the history of India's capital markets

The group has option to raise another $200 million under the existing facility

The capital raise comes in the backdrop of recovery in domestic air traffic and resum­ption of scheduled internatio­nal services from March-end

It is also expected to help in softening the blow from hardening bond yields, bankers and analysts said

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

Other banks and insurers could also suffer indirect effects such as loss of fees or a devaluation of their investments

Bankers are particularly vulnerable as they have to keep branches open; already over 1,000 bankers have passed away due to the pandemic

CG Power and Industrial Solutions on Friday said it will seek shareholder approval to allot 1.38 crore shares for Rs 101.20 crore to Standard Chartered Bank on a preferential basis

The Reserve Bank on Thursday imposed a penalty of Rs 2 crore on Standard Chartered BankIndia for delays in reporting of frauds to it.

A unit of the London-based bank will lease 770,000 square feet for 15 years in the southern city, in a project being developed by DLF.

The company said the move will help sustain the expansion of its renewable energy portfolio in alignment with the company's vision to invest in low-carbon footprint businesses

Banks say they themselves red-flagged the transactions to RBI, authorities

The proposed governance norms for banks seem to be pushing for a role reversal - make the non-executive directors run the bank and take away the executive powers of the CEO

Dhoot has been earlier booked by the CBI in the Videocon-ICICI bank loan case.

Bankers, NCLT said, failed to appear in the case relating to the IL&FS fraud despite repeated notices from the ministry of corporate affairs

Apex court starts hearing CoC challenge to NCLAT approving higher payout to operational creditors

The bank executive, who isn't named in court papers, was the bank's global head of transaction banking and foreign exchange sales

Standard Chartered has been under scrutiny by authorities in both the United Kingdom and the United States

It has around 7,000 staffers in this country, being the largest international bank in India, with 100 branches in 43 cities