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RETAIL BANKING | Cesar Tordesillas, India

StanChart India's DRs down 7.4%

Threats to strip Standard Chartered ofits state banking licesnse pulled down its Indian depositary receipts by 7.4 percent.

The New York's state regulator threats was based on allegations it hid $250 billion in Iran-related transactions.

StanChart's IDR fell as much as 15.3 per cent at one point, hitting its lowest since June 2011.

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