Banking Retail

Latest News for: Banking retail

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Post-Q2 results, what investors in HDFC Bank should focus on

Live Mint 22 Oct 2019

Considering the state of the Indian economy, HDFC Bank Ltd’s performance in the second quarter of FY20 was decent. The bank’s provisional figures had indicated that it expected the results to be stable ... Analysts say that excluding the vehicle category, the HDFC Bank’s retail loan book grew 19% year-on-year ... The Nifty Bank index climbed just 7.22%....

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Diwali 2019: 8 stocks with high upside potential to invest in this year’s Muhurat trading

The Times of India 22 Oct 2019

HDFC Bank Despite the recent share price rally and increased valuation ratios, research houses continue to bet on HDFC Bank due to its retail focus, strong positioning, large branch network, healthy balance sheet, superior asset quality and efficient management....

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AU Small Finance Bank reports 89 per cent jump in Q2 net profit

Deccan Chronicle 22 Oct 2019

The decline in the ratio was due to improving the operational efficiency of bank branches, the bank said ... The bank's 79 per cent of the loan book is retail with around 95 per cent are secured....

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I worry about serving clients in good, bad weather, not recession: Jamie Dimon

The Times of India 22 Oct 2019

Jamie Dimon, the 63-yearold chairman and CEO of JP Morgan, the largest of the ‘Big Four’ American banks, is in India to attend a meeting of the global advisory board and also announce a funding initiative with the World Bank for skill development ... Most people would agree that central banks need to remain independent ... We are not a retail bank....

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Stocks in the news: Infosys, Axis Bank, DHFL, Tata Steel and Kotak Mahindra Bank

The Times of India 22 Oct 2019

Axis Bank. The bank is expected to report a steep drop in net profit for the September quarter, hurt by one-off DTA (deferred tax assets) adjustment ... Also, eyes would be on margin outlook, post linking of fresh retail loans to external benchmarks. Bajaj Finance, Kotak Mahindra Bank....

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TD Bank Launches New Online Ordering Platform for Foreign Currency

The Trentonian 22 Oct 2019

TD Bank, America's Most Convenient Bank, is one of the 10 largest banks in the U.S., providing more than 9 million customers with a full range of retail, small business and commercial banking products and services at more than 1,200 convenient locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida....

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Moody's - Growing digitisation increases banks' cyber risk exposure

Independent online (SA) 22 Oct 2019

JOHANNESBURG - Moody’s Investors Service says in a new report that global retail and commercial banks are at increasing risk of cyberattacks as their operations become more digitized, which can impact credit standing through financial losses, erosion of brand value, and regulatory consequences....

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Investors Bank Selects ODX Platform to Begin Digitizing Small Business Lending

The Trentonian 22 Oct 2019

"Investors is always looking for better ways to serve our customers, and in the case of our small and medium-sized businesses, we believe developing easier, faster access to credit products is essential," said Bill Brown, Chief Retail Banking Officer, Investors Bank ... About Investors Bank ... Investors Bank.� Member FDIC....

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Santander to sell Puerto Rico unit to FirstBank in $1.1 bln deal

Reuters 22 Oct 2019

Banco Santander said on Monday it had ......

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Santander to sell Puerto Rico unit to FirstBank in $1.1 billion deal

Reuters 22 Oct 2019

Banco Santander said on Monday it had ......

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Citizens Financial Group Announces Pricing of $450 Million Preferred Stock Depositary Shares Offering

Olean Times Herald 22 Oct 2019

Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions ... Consumer Banking ... BANKING PROFESSIONAL SERVICES FINANCE....

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Worried about cut in GDP forecast? 10 stocks that could weather the storm

Moneycontrol 22 Oct 2019

India's growth is projected to fall to 6 percent, the World Bank said on October 13 ... “Few sectors that are bucking the slowdown and reporting healthy topline growth are insurance, private sector banks, power, healthcare, paints, consumer discretionary, plastics, larger NBFCs, and retail....

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Infosys shares plunge to a 10-month low as whistle-blowers target CEO

Business Line 22 Oct 2019

The stock fell as much as 10% early Tuesday, their biggest intra-day fall since August 2017 ... Read also ... The allegations come as Infosys and larger rival Tata Consultancy Services Ltd., which build software and provide services to some of the worlds largest banks and retailers, navigate an increasingly difficult business environment ... Read more ... .......