Standard Chartered eyeing India listing

MUMBAI (Reuters) - Standard Chartered <STAN.L> is examining the possibility of an India listing but no decision has been taken yet, the chief executive of its Indian operations said on Friday.

"I sincerely hope so," Neeraj Swaroop said when asked whether the British bank would be the first to issue an India Depositary Receipt.

But no timeline had been fixed, he told reporters at a financial conference.

Last month, banking sources said Standard Chartered had hired banks for a possible India listing.

(Reporting by Narayanan Somasundaram; Editing by John Mair)

Article Published: 22/05/2009