Standard Chartered posts $606 mn profit

August 5th, 2008 - 8:40 pm ICT by IANS  

Mumbai, Aug 5 (IANS) 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.

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