Standard Chartered to pare commodity business in India, China, says chief exec Bill Winters

Standard Chartered to pare commodity business in India, China, says chief exec Bill Winters

Standard Chartered also plans to raise 3.3 billion pounds ($5.1 billion) through a rights issue in 2016, Winters said. Photo: Pradeep Gaur/Mint

Standard Chartered Plc will continue to reduce its “over-concentration” on commodity-related business in India and China, group chief executive Bill Winters said on Tuesday.

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