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StanChart Loses Two Top India Bankers Amid Turn-Around Efforts

A Standard Chartered branch in Mumbai, India.

A Standard Chartered branch in Mumbai, India.

Photographer: Dhiraj Singh/Bloomberg

Standard Chartered Plc., which is trying to cut costs in India and boost returns from its push into consumer banking, has lost two key executives in the South Asia region.

Gopikrishnan MS, who heads foreign exchange, rates and credit for South Asia, and Shyamal Saxena, who oversees the region’s retail business, have decided to leave the bank, a Standard Chartered spokesman said by email. Senior-level departures at the local unit kicked off this year when Sandeep Das, who was in charge of private banking, moved to oversee the India wealth management business of rival Barclays Plc.