Standard Chartered posts $606 Mn profit
Thursday, 07 August 2008, 00:08 IST
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Mumbai: Standard Chartered Bank India Tuesday announced an operating profit of $606 million for the January-June period of calendar year 2008 compared to $320 million over the corresponding period last year, marking an increase of 83 percent. The total income during the period rose by 73 percent to $975 million from $563 million of the year-ago period. "Standard Chartered Bank will deliver challenging market conditions. The bank has performed well across both wholesale and consumer banking businesses," said Neeraj Swaroop, regional chief executive-India and South Asia.
Source: IANS
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