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RBI clears StanChart's IDR issue

Mumbai : India | about 1 month ago  
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The British bank Standard Chartered (StanChart) has the Reserve Bank of India’s approval to go ahead with its offering of Indian Depository Receipts (IDRs), albeit with a few conditions. Among the terms spelt out by the regulator, StanChart can raise a maximum 5% of its capital from a single IDR issuance...
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  • News Source: Daily News & Analysis | about 1 month ago
    Bank chairman and managing director Yogesh Agarwal told reporters after the meeting. The chiefs of various bank expressed their views on credit growth and raising the limit of bonds under the HTM (held-to-maturity) category, Agarwal said. "My view...
  • News Source: Daily News & Analysis | about 1 month ago
    We will engage with both RBI and Sebi, and we should announce it at the right time," he said. The London-listed bank said it has not yet filed a prospectus with Sebi for its issue of India Depository Receipt (IDR), he said. "We have not filed any...
  • News Source: The Economic Times | about 1 month ago
    The British bank Standard Chartered (StanChart) has the Reserve Bank of India’s approval to go ahead with its offering of Indian Depository Receipts (IDRs), albeit with a few conditions. Among the terms spelt out by the regulator, StanChart can...
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