Former ICICI Banker Zarin Daruwala Named StanChart India CEO

Mumbai: Standard Chartered Plc named Zarin Daruwala, a senior banker at India's ICICI Bank, as new chief executive of its India operations on Tuesday as the British bank looks to halt rising losses on loans in the country. Standard Chartered's India unit, which was one of the most profitable markets for the Asia-focussed bank a few years ago, has seen a sharp spike in loan losses in the last couple of years, denting its global balan...