Bindra

Shown, Bindra in action during the Delhi Commonwealth Games, Oct. 5, 2010.

The Year Ahead 2012

Mr. Bindra also joined the bank's global board of directors in January 2010.

Standard Chartered India Head to Become Southeast Asia CEO Nupur Acharya 2011

Mr. Bindra said "there is a high probability that Singapore will be the next settlement center" when market conditions settle.

China's Yuan Policy Could Get 'Tougher,' Banker Says Alison Tudor 2011

India hasn't had great success in past Olympics - the country only claimed its first individual gold at the 2008 Games in Beijing, thanks to shooter Abhinav Bindra, who won the 10-meter air rifle competition.

The Year Ahead 2012

If that happens, "China is going to get even tougher," said Jaspal Singh Bindra , Standard Chartered's Asia chief executive, in an interview, citing Beijing's sensitivity to any inflationary pressures.

China's Yuan Policy Could Get 'Tougher,' Banker Says Alison Tudor 2011

But so far, the profits are minimal, Mr. Bindra said.

China's Yuan Policy Could Get 'Tougher,' Banker Says Alison Tudor 2011

Mr. Bindra sees any pause in the internationalization of the yuan as temporary.

China's Yuan Policy Could Get 'Tougher,' Banker Says Alison Tudor 2011

"Until they've made that more transparent, more convenient, then it's going to be a trickle of deals," Mr. Bindra said.

China's Yuan Policy Could Get 'Tougher,' Banker Says Alison Tudor 2011

"Irrespective of what it contributes to the bottom line, it is an area we have to be clearly and strongly associated with, because the potential for renminbi is humongous," Mr. Bindra said.

China's Yuan Policy Could Get 'Tougher,' Banker Says Alison Tudor 2011

Chinese authorities aren't going to let settlement of yuan spread beyond Hong Kong until they have sorted out teething problems with processes, and until any possible QE3 is in the past, Mr. Bindra said.

China's Yuan Policy Could Get 'Tougher,' Banker Says Alison Tudor 2011