Banking Retail

Latest News for: Banking retail

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Big Story | How banks are caught in the Covid grip

Business Line 06 Jun 2020

The bank has been ... Axis Bank reported loan growth of 15 per cent during the March quarter, led by 24 per cent growth in retail. The bank’s share of retails loans in overall loans has gone up significantly over the past few years — from 45 per cent in FY17 to 53 per cent in FY20....

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Crisil affirms Yes Bank Rs 18k cr bonds rating at BBB

Yahoo Daily News 06 Jun 2020

'However, the ability of the bank to limit further deposit outflow, and to build a strong retail liabilities franchise and a stable and sound operating business model with strong compliance and governance framework over the medium term, needs to be demonstrated,' said the Indian arm of the S&P Global....

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Crisil affirms Yes Bank's Rs 18,000 crore bonds rating at BBB

Deccan Herald 06 Jun 2020

"However, the ability of the bank to limit further deposit outflow, and to build a strong retail liabilities franchise and a stable and sound operating business model with strong compliance and governance framework over the medium term, needs to be demonstrated," said the Indian arm of the S&P Global....

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Canara Bank reduces RLLR by 40 bps; MCLR rate by 20 bps

Business Line 06 Jun 2020

Following a regulatory directive, Banks are linking all new floating rate personal or retail loans (housing, auto, etc.) and floating rate loans to Micro, Small and Medium Enterprises since October 01, 2019 to an external benchmark....

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Coronavirus crisis triggers private investment BOOM on Russian stock market

Russia Today 06 Jun 2020

This might be the reason for the recent boom in retail investing on the Moscow Exchange ... Last month, retail investors bought almost 30 billion rubles (around $438 million) worth of shares of Russian companies listed on the Moscow Exchange ... Major Russian major Sberbank, VTB bank and Aeroflot are also among the most attractive stocks....

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Canara Bank cuts in repo-linked lending rate by 40 bps

Yahoo Daily News 06 Jun 2020

New Delhi, Jun 6 (PTI) State-owned Canara Bank on Saturday announced reduction in its repo-linked lending rate (RLLR) by 40 basis points (bps) to 6.90 per cent ... The revised lending rates will be effective from June 7, Canara Bank said in a statement....

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SBI sees record quarterly profit of Rs 3,581cr in Q4

The Times of India 06 Jun 2020

State Bank of India (SBI) reported a record net profit of Rs 3,581 crore for the quarter ended March 2020 — up more than four times the Rs 838-crore figure reported in the corresponding quarter of the previous year ... He expressed confidence on the quality of the bank’s retail loan portfolio, which was dominated by housing loans....

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Bank of America ramps up expansion in Boulder Valley, Northern Colorado

Colorado Daily 06 Jun 2020

Bank of America NA (NYSE ... Bank of America’s Colorado expansion includes a Boulder location at 1965 28th St ... “We continue to be excited about expanding into markets where we’ve not had a retail presence before,” said Felicia Lewis, regional executive for consumer banking & Merrill Edge for expansion markets....

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SBI net profit at Rs 3580cr

The Telegraph India 06 Jun 2020

State Bank of India (SBI) on Friday reported a four-fold rise in net profit for the quarter ended March 31, 2020, boosted by a stake sale in subsidiaries ... Around 21 per cent of the bank’s retail borrowers have availed the three-month moratorium announced by the RBI, the SBI chairman said while replying to a question....

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Comic book retailers unite in shock and anger over DC split with Diamond

Games Radar 06 Jun 2020

"So I say this as a lifelong DC Comics fan as well as a retailer — screw you, DC Comics ... Some retailers said the move also feels like DC has given up on the direct market retail system, perhaps banking instead on digital readers and books by mail — which retailers said would be a mistake ... Retailers will be hard pressed to 'sell' newer DC product....

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IBM leans on cloud storage, applications

The Economic Times 06 Jun 2020

While large existing customers such as banks and insurance ......

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Plywood city

The Daily Journal 06 Jun 2020

Certainly, I was happy to see many of our historic buildings being protected, including the Lathrop House on Marshall Street and the Sequoia Hotel and the Bank of San Mateo County building, both on Broadway. And naturally I supported the boarding up of our banks and jewelry stores....

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Bank credit shrinks by ₹1.76 trillion between 27 March and 22 May

Live Mint 05 Jun 2020

This, Icra said will be driven by 3.5-4.3% growth by public sector banks (PSBs) and 7-9% by private banks ... Analysts at brokerage firm Motilal Oswal said in a note on 22 May that the continued monetary easing will drive further reduction in lending yields and banks have been sharply cutting retail and bulk deposit rates over the last few months....