Standard Chartered to Increase Takeover Financing in India

Standard Chartered Plc plans to increase takeover financing for Indian companies as it seeks to gain ground in mergers advisory in emerging markets on rivals weakened by Europe’s credit crisis.

“As the world goes through this turmoil, banks like ours which do have the capability and a strong balance sheet see that as an opportunity,” to lend for acquisitions, Neeraj Swaroop, the U.K. bank’s outgoing chief executive officer for India and South Asia, said in an interview in Mumbai yesterday.