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StanC under RBI lens over sale of derivatives
Mint Kolkata
|June 19, 2025
Standard Chartered Plc is facing regulatory scrutiny in India after lapses were spotted in the sale of derivatives and problems identified in the bank's risk controls, according to people familiar with the matter.
The Reserve Bank of India (RBI) raised concerns about processes at the London-based lender following sales to small and medium-sized enterprises of target redemption forwards, a product that can cause significant losses, the people said.
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