Profit

Earnings review: StanChart India H1 results

PUBLISHED ON: August 3, 2011 | Duration: 2 min, 55 sec

   
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Standard Chartered India reported a 39 per cent decline in PAT to $378 million during January to June 2011. Neeraj Swaroop, CEO of Standard Chartered Bank for India and South Asia, says the fall in profit was on account of lower income and higher provision. He says India remains key engine growth of the bank’s income growth.
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