Standard Chartered
Latest news, explainers and analysis on Standard Chartered. Tracking 3 stories on Arth Vani.
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Latest on Standard Chartered
BreakingStanChart Warns Global Oil Market Set for Sharper, More Frequent Price Spikes
Standard Chartered has issued a warning that the global oil market is now structured for more intense and frequent price surges. This outlook suggests potential for increased fuel costs and broader inflationary pressures, which could significantly impact Indian consumers and the economy.
Foreign Banks Challenge Local Rivals as FCNR Deposits Surge 15-Fold to $8.97 Billion
Foreign banks in India have seen a massive 15-fold jump in Foreign Currency Non-Resident (FCNR) deposits, reaching $8.97 billion as of July 30. Major players like HSBC and Standard Chartered are narrowing the gap with domestic banks by aggressively mobilizing dollar-denominated savings from Non-Resident Indians.
Standard Chartered to Launch Wealth Management Services in GIFT City Following IFSCA Nod
Standard Chartered has received in-principle approval from the IFSCA to offer retail wealth management products in Gujarat's GIFT City. The bank, which was the first foreign lender to enter the hub in 2020, plans to roll out these services within the next few months.
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