Asia-focused British bank Standard Chartered said on Tuesday it plans to invest $50 million in Indian brokerage UTI Securities Ltd until 2010. It also said it has received the Reserve Bank of India's approval for its 49 per cent acquisition in UTI Securities. The bank has the option to raise its stake to 100 per cent in phases by 2010, it said in a statement. UTI Securities offers broking, wealth management and investment banking services across 60 cities in India. (Sify)