Banking Retail

Latest News for: Banking retail

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RAI seeks 4% interest subvention for 9 months for retail sector

Sify 03 Apr 2020

The Retailers Association of India (RAI) has written to the Reserve Bank of India (RBI) seeking interest subvention of 4 per cent for nine months to reduce the burden of interest along with an extension of the moratorium on loan repayment till nine months....

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The Presidio Group Hires Stephane Ferri as Principal

The Marshall News Messenger 03 Apr 2020

The Presidio Group, a leading merchant bank and investment banking advisor in the retail automotive sector, has hired Stephane Ferri as Principal ... the automotive retail sector ... OTHER RETAIL FINANCE AUTOMOTIVE BANKING OTHER AUTOMOTIVE PROFESSIONAL SERVICES GENERAL AUTOMOTIVE RETAIL....

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Moody's places IndusInd Bank's issuer ratings on review for downgrade

Live Mint 03 Apr 2020

Moody's places IndusInd Bank's issuer ratings on review for downgrade ... The rating agency said that IndusInd Bank’s funding is weak when compared to other rated Indian banks, as reflected by its high deposit concentration and low share of retail deposits ... It also downgraded the counterparty risk assessments of Axis Bank and ICICI Bank....

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RBL Bank cracks over 15% on forecast of higher provisions in credit card biz

Moneycontrol 03 Apr 2020

The stock has corrected more than 80 percent in last one year due to higher provisions for bad loans, withdrawal of deposits after Yes Bank crisis etc ... RBL Bank in its BSE filing on March 1 said wholesale advances have been reflecting de-growth and retail advances are reflecting healthy growth during January-March quarter FY20....

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China to launch new medical insurance products

Asiatimes 03 Apr 2020

In 2019, China Merchants Bank’s retail banking business recorded a pre-tax profit of 66.42 billion yuan, up 14% from 2018, accounting for 56.7% of the bank’s total pre-tax profit ... Net profit of the Ping An Bank’s retail banking business surged 13.8% to 19.49 billion yuan last year from 2018, representing 69.1% of the bank’s total net profit....

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India's share in world market cap below historic average: Report

Sify 03 Apr 2020

On the private banking sector, the report said that business environment remains under challenging due to the coronavirus pandemic ... However, the outbreak of COVID-19 has led to weakening of credit demand in consumer retail, MFI and SME/business banking segments," it said....

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India's contribution to world's marketcap is at historic low, says Motilal Oswal

The Times of India 03 Apr 2020

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Yes Bank crisis, faltering economy weigh heavily on IndusInd Bank. Can it weather the storm?

Moneycontrol 03 Apr 2020

On Friday, global rating agency, Moody’s placed IndusInd Bank's domestic and foreign currency issuer ratings of Baa3/P-3 under review for downgrade ... Further, IndusInd's funding is weak when compared to other-rated Indian banks, as reflected by its high deposit concentration and low share of retail deposits ... Yes Bank crisis hangover....

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Buy IndusInd Bank, target price Rs 630: Emkay Global

The Times of India 03 Apr 2020

Institutional deposits ran down (10-11 per cent) post the YES Bank saga, which was replaced with CDs/borrowings and eventually replaced with retail deposits ... The near-term growth/asset quality pain will weigh in on stock performance, but the new MD’s strategy to focus on retailization of assets/liabilities should help the bank in the long run....

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Gold Investors Are Terrified Central Banks Might Dump Bullion During the Economic Crisis

Bitcoin 03 Apr 2020

While gold and other precious metals have seen decent gains in the last few weeks, a few investors are terrified that central banks will use their flight-to-safety assets in order to save their economies ... US Lenders Prepare for Catastrophic Real Estate Market Central Banks Might Need to Sell Gold, Which Could Crush the Price Long-Term....

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HDFC Bank Credit Card And Loan EMI Moratorium Questions Answered

Yahoo Daily News 03 Apr 2020

Yes, the moratorium is available on Credit Card outstanding and Loans availed on Credit Cards for payments due from 1 Mar 2020 till 31 May 2020.The moratorium is available on HDFC Bank Credit Cards (Retail & Corporate) and Loans (Insta Loan / Smart EMI / Balance Transfer on ......

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Financial Services: Adapting to the Coronavirus (COVID-19) Outbreak

The Record 03 Apr 2020

This report provides an early assessment of the impact of the COVID-19 outbreak on the retail banking, payments, wealth management, and the insurance sectors ... - Banks are preparing for mass channel changes as customers are expected to shun branches ... - This report identifies which retail banking markets will be hit hardest by the outbreak of COVID-19....

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RBI cuts money market trading hours by half to reduce stress on its staff

The Times of India 03 Apr 2020

All regular banking services for customers, including RTGS, NEFT, e-kuber and other retail payments systems will continue to be available as per extant timings ... However, all regular banking services for customers, including RTGS, NEFT, e-kuber and other retail payments systems will continue to be available as per extant timings....