UPDATE 1-StanChart eyes India listing in early 2010

* Asia-focused bank could list in Mumbai by April

* Would be first overseas company to list in India

* Aim to boost presence; could raise $500 mln

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MUMBAI/LONDON, Nov 13 (Reuters) - Standard Chartered (STAN.L) (2888.HK) is in discussions with Indian regulators about a listing that could come by April depending on market conditions, the Asia-focused bank said.

It would be the first time an overseas company lists its parent group's shares in India.

Chief Executive Peter Sands has said a listing could occur as early as March/April, "subject to market conditions", a spokesman for the bank said.

Sands declined to comment on the size of the issue, and the spokesman said nothing had been decided. India's Economic Times newspaper said the bank could raise about $500 million.

The Standard Chartered spokesman said the listing would not just be a capital raising exercise, but was also to build its brand and profile in a market where it has been present for 150 years, the spokesman said.