IDR RULES TO BE RELAXED TO BOOST PARTICIPATION

According to Standard Chartered Bank’s South Asia CEO, Neeraj Swaroop, the bank has planned to raise between $500 million (around Rs. 2,250 crore) and $ 1 billion (around Rs. 4,500 crore) during the next quarter, the bank is keen to pursue it’s intent to have an IDR offering and is looking at quarter two (April- June 2010).