Standard Chartered Bank (SCB or Stanchart) had lent huge sums to Essar, mostly as unsecured loans. When the liquation of Essar’s assets began, Stanchart did everything in its power to get clubbed along with secured creditors, thus laying claim on secured assets where were to go to Indian banks.
RCF shares will go ex-dividend today. This company had announced an interim dividend of Rs 1.60 per share and final dividend of Rs 2.50 per share. The dividends will be paid on January 22, 2023