Reported about 3 hours ago
Standard Chartered Plc is poised to become the primary settlement bank for real-time dollar-denominated trades in India's new financial hub, GIFT City. The Clearing Corp. of India is set to begin testing the new settlement system by January, aiming for a roll-out by April. This initiative will enhance transaction efficiency as international interest in India's financial markets is growing, with Indian bonds being included in global indices.
Source: YAHOO