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Showing posts with label standard Chartered Bank. Show all posts
Showing posts with label standard Chartered Bank. Show all posts

Sunday, 13 November 2022

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Friday, 17 March 2017

07:37

ICICI Bank, SBI, StanChart top bank frauds list: RBI

ICICI Bank, SBI, StanChart top bank frauds list: RBI

ICICI Bank topped the list of banks that witnessed most number of frauds during April-December period of 2016 with state-owned SBI taking the second spot, RBI data said.
During the first nine months of the current fiscal, as many as 455 fraud cases involving Rs 1 lakh and above were detected in ICICI Bank, closely followed by SBI (429), Standard Chartered (244) and HDFC Bank (237).

The other banks which reported large number of frauds to the apex bank during the period include Axis Bank (189), Bank of Baroda (176) and Citibank (150).
However, in value terms, frauds involving Rs 2,236.81 crore were reported in SBI, followed by Punjab National Bank (Rs 2,250.34 crore) and Axis Bank (Rs 1,998.49 crore).
The data provided by RBI to the Finance Ministry also revealed the involvement of bank staffs in fraud cases.
In the case of SBI, 64 employees were involved in fraud cases, while it was 49 for HDFC Bank and 35 for Axis Bank.
In all, 450 employees were involved in fraud cases in different public and private sector banks during April-December 2016, in 3,870 cases involving a total value of Rs 17,750.27 crore. 



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Wednesday, 18 November 2015

07:52

Standard Chartered ropes in ICICI Bank's Zarin Daruwala as India CEO

Standard Chartered ropes in ICICI Bank's Zarin Daruwala as India CEO

The country's largest foreign lender Standard Chartered on Tuesday appointed Zarin Daruwala of ICICI Bank as its new Chief Executive in the place of incumbent Sunil Kaushal who will be elevated as the regional head for Africa and West Asia operations.

Daruwala comes from ICICI Bank where she was the president of wholesale banking. During her 25 years in the banking sector, she has led teams in corporate banking, project finance, structured finance, financial institutions, government and public sector banking, as well as building out the lender's rural and agri-finance offering, Standard Chartered said in a statement.

She will be based in Mumbai and report to Ajay Kanwal, regional Chief Executive for Asean and South Asia.

Kanwal said, with outstanding experience and relationships from over 25 years in the industry, and her proven ability to deliver superior financial performance, Zarin is perfectly placed to seize the huge opportunities we see in India.

"I am confident she will build on our more than 150 years of history and our leading position as the India's largest foreign bank," Kanwal added.

The statement also said Anurag Adlakha will continue as the acting CEO of the India franchise, alongside his existing responsibilities as the CFO, until Daruwala assumes her job after regulatory approvals.

A chartered accountant and company secretary, Daruwala was one of the top rankers in both ICSI and ICAI courses and won the President's gold medal for company secretary programme.

She was named one of the top 25 powerful women in business by Fortune India.

Meanwhile, it has been learnt that ICICI Bank has elevated Vishakha Mulye, who is currently Managing Director and Chief Executive of ICICI Ventures, as the head of its wholesale banking group, filling in the vacancy created by Daruwala. On Monday, ICICI had elevated Mulye as an executive director on the board of the bank. According to sources, Mulye will be heading the wholesale banking group.  

 Source:Business Standard
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Tuesday, 4 August 2015

07:33

Clean-up drive on the Marina beach was the bank’s endeavour to contribute to the preservation of the beautiful coastline

Clean-up drive on the Marina beach was the bank’s endeavour to contribute to the preservation of the beautiful coastline

CHENNAI:  As part of their ongoing commitment towards sustainability and community development, employees of Standard Chartered Bank and their families came together to clean up a part of the Marina Beach on Saturday morning.

All of them actively participated in the clean-up drive clearing garbage, debris and plastic waste strewn across the beach.They cleaned up a stretch behind the Gandhi Statue, covering more than one kilometre. The clean-up drive was organised in association with the Indian Development Foundation with whom the The Standard Chartered Bank has partnered for various projects regarding environmental conservation and community development.

Speaking on the occasion, Ravi Duvvuru, regional head, legal and compliance, South Asia, Standard Chartered Bank said, “Being a sustainable bank means looking beyond philanthropy, beyond CSR and reputation management. It means embedding sustainability deep into the way of how we do business. Sustainability is embedded in our brand promise - Here for good. It affects every single thing we do — the way we make decisions and the contribution we make to local economies and communities.”

He added that the clean-up drive on the Marina beach was the bank’s endeavour to contribute to the preservation of the beautiful coastline and its marine ecosystem. “As a responsible corporate citizen, we encourage our employees to participate in various projects of community development,” he said. The bank’s employees had undertaken a similar clean up drive at the Marina in 2013. In addition, they had also organised several sustainability initiatives like distribution of ‘Emergency cards’ with telephone numbers of important hospitals, blood banks and ambulance services in the region, and blood donation camps in Chennai, Bangalore and Hyderabad. Over the last one year, they have also undertaken dedicated financial education sessions in over 10 schools across Chennai and Bangalore to educate underprivileged children on the basics of banking. This initiative is now being expanded to include more schools.
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