We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for streaming realtime charts, analysis tools, and prices.
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Standard Chartered Plc | LSE:STAN | London | Ordinary Share | GB0004082847 | ORD USD0.50 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -1.00 | -0.13% | 755.00 | 751.00 | 751.20 | 767.00 | 748.00 | 756.00 | 9,254,104 | 16:35:01 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Commercial Banks, Nec | 18.02B | 3.47B | 1.2403 | 6.06 | 21.01B |
From May 2019 to May 2024
By Rajesh Roy and Nupur Acharya
NEW DELHI--An Indian investigating agency Thursday issued notices seeking responses from the local unit of Standard Chartered Bank and a local bank for alleged violation of foreign exchange rules in a related case.
The Enforcement Directorate, which probes money laundering and foreign exchange cases, found that Tamilnad Mercantile Bank Ltd. (TMB.YY) violated rules by transferring shares to overseas entities without the permission of the central bank.
Standard Chartered opened an escrow account, allowing the transfer of these shares, the agency said in a statement. It also took custody of immovable properties in India and accepted shares of Tamilnad Mercantile Bank, both as collateral against a loan its Mauritius branch gave to these foreign investors, the agency added.
The amount in violation by Standard Chartered Bank stood at 3.34 billion rupees ($53 million) while that by Tamilnad Mercantile was 2.74 billion rupees ($43 million), the agency said.
Tamilnad Mercantile Bank Company Secretary Deepak C.S. said the bank can't comment as it hasn't yet received the notice from the agency. Standard Chartered Bank declined to comment.
Write to Rajesh Roy on rajesh.roy@wsj.com Nupur Acharya at nupur.acharya@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
1 Year Standard Chartered Chart |
1 Month Standard Chartered Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
