Business Daily from THE HINDU group of publications
Wednesday, Jul 08, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Wednesday, Jul 08, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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Corporate Results
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Foreign Banks Money & Banking - Financial Performance StanChart Bank net profit rises Mumbai, July 7 Standard Chartered Bank’s net profit rose 12 per cent to Rs 1,907 crore in the financial year 2008-09, as against Rs 1,702 crore in 2007-08. “The wholesale bank has performed strongly, while consumer bank has benefited from a shift to a more customer-centric business model,” said Mr Neeraj Swaroop, Regional Chief Executive, Standard Chartered Bank, India and South Asia. The group has invested $527 million in its Indian operations through a combination of sub-debt infusion and profit retention in the just ended financial year, the bank said in a press release. — Our Bureau More Stories on : Foreign Banks | Financial Performance
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