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Standard Chartered stops lending against Adani dollar bonds amid volatility
Standard Chartered stops lending against Adani dollar bonds amid volatility
Some of the relationship managers of StanChart, which has a significant presence in Asia, have informed their private wealth clients in the region's large markets like Singapore that the bank would not accept these papers as collaterals for margin loans, one such customer told ET. The decision, albeit a temporary one, was taken Friday amid volatility in Adani bond prices.
Some of the relationship managers of StanChart, which has a significant presence in Asia, have informed their private wealth clients in the region's large markets like Singapore that the bank would not accept these papers as collaterals for margin loans, one such customer told ET. The decision, albeit a temporary one, was taken Friday amid volatility in Adani bond prices.