No, the Standard Chartered CEO hasn’t found a magic wand to make regulators overlook the bank’s past misconduct. But it looks as if his sticky loans in India are finally starting to move again. Assuming StanChart’s share of that kitty at $2.5 billion, that’s half of Winters’s $5 billion India problem solved. StanChart’s $1.3 billion provision on its Indian loans led to a loss for 2015, its first in 26 years. That would be an unexpected boon for Indian banks, hit by soured advances to the struggling steel industry.

Source: Mint October 17, 2016 11:15 UTC