Excerpts from a recent article

About $5 billion of advances Standard Chartered made to Indian borrowers have been internally classified as at risk of defaulting, in addition to the $1 billion of onshore loans that have already become non-performing in India

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While India’s broader banking industry has been afflicted by rising defaults, Standard Chartered stands out. At 8.9%, it had the second-highest bad-loan ratio among the 50 largest lenders in India as of March 31, five times that of HSBC Holdings Plc. and seven times Citigroup Inc.’s, the latest filings to the central bank based on local loan books show.

Winters now has to untangle the bad-loan mess in India even as he retains Sands’s focus on emerging markets. It may take time: 65% of Standard Chartered’s exposure in the country is to borrowers rated below investment grade, according to the bank

how can we get data for last ten years.. could you please share the website

@sivakkri I remember the CFO mentioning in one of the con calls that raw material fluctuations are generally passed through to their clients. So, not sure of this.

@Surender The worry about power business being nurtured by the telecom business is very difficult to verify. If for a second, you put yourself in the shoes of the promoter and ask where would you like to bet on for the next 3-4 years? If feel it should be in telecom business where they can create huge market cap. This would not be possible if an annuity kind of front ended cash guzzling business is saddled on the EPS driven telecom business. For me, the key question is "Can the telecom business grow multiple fold in a profitable way?" and not "Is the promoter underestimating the value of power business and later profit from it?"

Vijay

Good discussion , this looks to be good story so far. but in their cash flow statement, Cash from operations is quite low when compared to their profit. What could be the reason, don't see any major spike in their debtors as well. Am I missing something here ?