Standard Chartered is looking to sell over $ 1 billion in loans from its India book as it seeks to clean up its loan portfolio, news reports suggest. The bank may sell nearly $ 4.4 billion in loans across its Asia portfolio, including loans in India. The bank has reported a loss of $ 981 million from its India operations, while loan impairments, including restructured loans, across its India portfolio surged almost eightfold to $ 1.3 billion in 2015 from $ 171 million in 2014. Its non-performing assets stood at 9.07% as of June 2015. The bank has begun talks with firms including CPPIB (Canada Pension Plan Investment Board), KKR India and SSG Capital Management to sell the loan.
