Standard Chartered posts $606 mn profit

By IANS,

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.


Support TwoCircles

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.

SUPPORT TWOCIRCLES HELP SUPPORT INDEPENDENT AND NON-PROFIT MEDIA. DONATE HERE