Banking Retail

Tuesday, 04 October 2022

Latest News for: Banking retail

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Northwest Bank promotes Colestro to executive vice president

The Bradford Era 04 Oct 2022

In his new role, Colestro will lead Northwest Bank’s retail lending and business banking teams and their growth initiatives across the bank’s footprint. Of his new opportunity, Colestro said, “It is an honor to lead Northwest Bank’s retail lending and business banking growth alongside our dedicated team of banking professionals.

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Why IndusInd Bank’s shares are top gainers on Nifty | Mint

Live Mint 04 Oct 2022

Shares of IndusInd Bank Ltd ... Late on Monday, the bank released its business update for the three months ended September (Q2FY23) ... Note that in Q1, the retail segment accounted for 54% of the bank’s loan portfolio ... In Q2, deposits from retail and small businesses constituted 41% of IndusInd Bank’s total deposits.

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Lenders' provisional Q2 numbers indicate a strong credit growth

The Times of India 04 Oct 2022

The non-bank lender did not make any profits on sale of investments in the quarter under review. Private lender Federal Bank ... As per the bank, its retail credit grew by 18.7% while wholesale credit grew 20.2% ... "Factoring in the strong growth momentum for the industry and the bank, we revise our credit growth for Federal Bank to 18% in FY23 from 16%.".

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434,000 new current accounts opened so far thus year as banks exit

RTE 04 Oct 2022

The main retail banks, An Post Money and Credit Unions have opened 434,000 personal current accounts so far this year, as customers of Ulster Bank and KBC Bank Ireland continue switching providers ahead of the exit of the two banks from the Irish market ... switching bank accounts.

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Banks set up helplines for vulnerable customers forced to move their accounts

Irish Independent 04 Oct 2022

The five retail banks have put in place helplines for vulnerable customers forced to move bank accounts due to the impending exits of Ulster Bank and KBC from the market. It comes as 70,000 new personal current accounts have been opened in the month of August, Banking and Payments ...

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Eastridge center was in loan default before big deal for San Jose mall

East Bay Times 04 Oct 2022

On the same day in January 2016 when an affiliate of Pacific Retail Capital Partners paid $225 million to buy Eastridge Center, Bank of China’s Los Angeles Branch provided the $150 million mortgage to Pacific Retail Capital. Pacific Retail Capital revealed on Aug ... Tron is planning to develop a new retail, restaurant and food complex in the space.

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In a 1st, RBI to tell government why inflation target is breached

The Times of India 04 Oct 2022

The government and the Reserve Bank of India () are vowing to do “whatever it takes” to bring retail inflation within the 6% tolerance level even as the () is preparing to meet over the next few weeks for the first time to write to the finance ministry, explaining the reasons ...

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In a first, RBI to tell government why inflation target is breached

The Times of India 04 Oct 2022

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Stroock Expands its Financial Services Litigation, Regulatory and Enforcement Group with Andrew Owens in New York

Victoria Advocate 04 Oct 2022

Andrew's practice focuses on advising payment card issuers and retailers on issues arising from banking and consumer financial services regulation ... and agent bank card agreements, and advises financial institutions and retailers on billing and payment systems issues.�.

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Nifty, Sensex surge 2% on strong global cues as bulls return to D-St; ‘market trend bullish, buy on dips’

Financial Express 04 Oct 2022

It will now face resistance in the 17291-17401 band while 17176-17196 band will offer support in the near term,” said Deepak Jasani, Head of Retail Research, HDFC Securities ... “Indices surged over 2% buoyed by positive global cues and encouraging quarterly updates on advances and collections from banks during the second quarter.

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Survey: Inflation Driving 90% of Consumers to Seek Discounts and Cashback Rewards When Shopping Online

Victoria Advocate 04 Oct 2022

... and shopping companions, in conjunction with research firm Big Village (formerly Engine Insights), today announced the findings of a new survey, detailed in a report titled "Online Shopping Rewards Have Gone Mainstream, Offering A Win For Banks, Retailers, And Consumers Alike .".

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SocGen names Ducholet to lead new French retail banking unit

Reuters 04 Oct 2022

PARIS, Oct 4 (Reuters) - Societe Generale , France's third-biggest bank, named Marie-Christine Ducholet as the head of its newly restructured French retail banking unit - an area targeted as a high ...

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Hana Bank subsidiary launches QR code-based cash withdrawal service in Vietnam

Korea Times 04 Oct 2022

Courtesy of Hana Bank ... Hana Bank said Tuesday that its overseas subsidiary, ... The cash out service of Global Loyalty Network (GLN) has been made possible with the Bank for Investment and Development of Vietnam (BIDV), a Vietnamese state-run bank tasked with retail banking.

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Trust Bank registers tremendous growth since 1997- MD Senghore

The Point 04 Oct 2022

"We've become a trusted partner in corporate and retail banking and in providing technology enabled banking solutions and services to customers.". According to the Trust Bank MD, this is the right moment to renew the bank's pledge to further strengthen the position of the bank.

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The Dangerous Implications Of Central Bank Digital Currencies

Bitcoin Magazine 04 Oct 2022

Retail CBDCs are programmable cash.Programmable cash gives central banks direct relationships with consumers.Direct relationships between central banks and consumers enable central banks to.Surveil all financial transactions.Flag, block or reverse any transaction at any ...