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Standard Chartered moving past India woes with Essar payment

Mr Winters has been shrinking the bank's balance sheet and tightening lending standards since taking his position last year.


STANDARD Chartered plc can finally start to move beyond its woes in India.

The London-based lender is set to receive a US$2.1 billion repayment in the next few weeks from Essar Global, the steel-to-power conglomerate that's been one of its most problematic borrowers in the...