Banking Retail

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Saturday, 14 December 2019

Latest News for: Banking retail

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New issues lose steam: CSB Bank, Ujjivan Small Finance Bank down up to 21% after listing

Yahoo Daily News 14 Dec 2019

After a bumper listing, shares of new issues CSB Bank and Ujjivan Small Finance Bank are losing some of their steam. CSB Bank shares are down to Rs 235.75, down 21% from their listing price of Rs 299, while Ujjivan Small Finance Bank shares closed at Rs 52.05 on Friday, down more than 10% from their listing price of Rs 58 on BSE....

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Retail sales up 0.2% at start of holiday shopping

Arkansas Online 14 Dec 2019

retail sales rose at a modest pace in November as the holiday shopping season appeared to get off to a slow start ... October's retail sales were revised higher, to a gain of 0.4%, up from 0.3% ... Bank of America Global Research reporting retailers had the highest sales gains for the period up to Black Friday since 2013....

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Underlying causes of the economic slowdown

Business Line 14 Dec 2019

As per RBI data, over 60 per cent of commercial banks’ retail lending was for housing and education, not consumption spending; with regard to NBFCs, where this perception is stronger, only less than half of all their retail lending was for automobile financing.Structural issues....

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Express IT Awards: AI will bring social impact, says S Ramadorai

Yahoo Daily News 14 Dec 2019

These would be welcome disruptions, Ramadorai said ... The bankers on the panel - V Vaidyanathan of IDFC First Bank and Rajiv Anand of Axis Bank - agreed that democratisation of data had enabled them to target retail customers who could earlier use only local moneylenders for their capital needs ... ....

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How rewards-based payment app Twid lets you use loyalty points to shop, eat out, and travel

Yahoo Daily News 14 Dec 2019

It has partnerships with banks, retailers, dining, travel, online platforms, and brands such as Ola Money, Bata, Nature’s Basket, Spar among others. According to Amit’s estimates, Indian consumers spend close to Rs 1.15 lakh crore every month, on purchases through credit and debit cards....

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Looking at PSU stocks? Careful, it can’t be a buy-and-forget strategy

The Times of India 14 Dec 2019

By DK Aggarwal ... PSUs get impacted by government policies ... In the current state of the Indian economy, PSU banks are expected to perform better that other sectors and they are expected to spur retail growth. Moreover, the reduction of non-performing assets (NPAs) in the system has made public sector bank quite attractive ... ....

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Dynamics of digital economy

Dawn 14 Dec 2019

THE fast pace of digitalisation of economies is having a profound impact on the lives of people, governments and markets ... The digital revolution is well under way and is impacting the parameters of large-scale manufacturing, retail, banking and logistics businesses ... Digitalisation will have a serious impact on jobs transformation ... ....

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Sovcombank's 9M 2019 IFRS Net Profit Goes up by 41% to RUB 22bn

Dothan Eagle 13 Dec 2019

12, 2019 /PRNewswire/ -- The Bank's sustainable profit excluding one-offs came in at RUB 17.4 bn, growing by 23% as part of the net profit ... Retail. Year to date, the Bank's retail loan portfolio added 27% and reached RUB 242 bn, mainly on secured loans, which increased to RUB 156 bn ... Corporate banking....

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RBL Bank eyes 1,750 branches by March 2020

Business Line 13 Dec 2019

RBL Bank currently has a customer base of 73 lakh for retail and wholesale offerings ... relationship based approach,” said Surinder Chawla, Head – Retail Liabilities and Wealth Management, RBL Bank....

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Funding trouble for NBFCs could result in asset risks for banks: Moody’s

Business Line 13 Dec 2019

Loans to retail consumers as well as small and medium enterprises are another important borrower segment for these shadow banks or NBFCs, the report noted ... “A curtailing of lending by NBFCs will add to risks from retail loans for banks by reducing the availability of credit that ......

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NBFC crisis poses more bad loan risks for banks: Moody's

The Times of India 13 Dec 2019

The report further said the non-bank lenders collectively have a large market share in retail and SME loans, a segment that has grown rapidly in recent years and now is susceptible to asset quality deterioration as the economy slows....

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Rising food prices lift November retail inflation to 5.54%

Sify 13 Dec 2019

A massive rise in food prices lifted India's November retail inflation to 5.54 per cent from 4.62 per cent in October, official data showed on Thursday ... The data assumes significance as the Reserve Bank in its latest monetary policy review maintained the key lending rates on account of rising retail inflation....

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AU Small Finance Bank raises ₹525 cr from Temasek arm Camas Investments

Live Mint 13 Dec 2019

The bank, with most branches in Rajasthan, Gujarat, Maharashtra and Madhya Pradesh, mainly services the retail asset-financing segment, including vehicle finance, loans to micro, small and medium enterprises, construction finance, and loans to other non-bank lenders....