Page 2 - Standard Chartered Bank

Standard Chartered Bank to lay off about 200 employees in India

When contacted, a Standard Chartered Bank spokesperson confirmed the downsizing

Standard Chartered Bank moves NCLT in Essar Steel takeover case

The bank, which has over 7.5 per cent weight in committee of Essar Steel creditors, claimed details of ArcelorMittal's revised bid of Rs 420 billion was not circulated along with the meeting's agenda

Standard Chartered expands India tech team, to reduce outsourcing

Standard Chartered Bank will look to reduce outsourcing to technology vendors as it scales up its own centres in India to build products and applications to support its global operations. On Tuesday, the British bank opened the Bengaluru operations of Standard Chartered Global Business Services (SCGBS), where it plans to scale its team to over 6,000 from 3,300 currently. Over two thirds of the 19,300 people employed by SCGBS globally work in India, with its main centres located in Chennai.Currently, nearly half of the technology services is outsourced to global vendors which include Tata Consultancy Services. The bank buys software services through two key models - workforce extension by augmenting employees of IT companies on its own projects and software maintenance contract through service level agreements.As it scales its own operations, helping build applications and assist in technology transformation in over 68 countries, Standard Chartered is increasingly looking inward."The .

Standard Chartered considering Frankfurt as its next EU base after Brexit

Company not to declare an ordinary dividend for 2016

Standard Chartered India reduces loss sharply

It had impairment losses on loans and other credit-risk provisions of Rs 6,251.52 cr in 2015

Hedge funds sue Stanchart over Castex derivative contracts

As per the funds, Castex Technologies manipulated its share price so it could force the conversion of its convertible bonds into equity