Banking Retail

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Thursday, 19 September 2019

Latest News for: Banking retail

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Sitharaman to hold review meeting with public sector banks today

Deccan Chronicle 19 Sep 2019

The Reserve Bank of India (RBI) had earlier this month made it mandatory for banks to link all their fresh retail loans to an external benchmark - effective October 1 - and the central bank's repo rate being one such benchmark. Following the move, banks such as Punjab National ......

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Standard Chartered joins race for Nigeria’s retail banking market

Business Day Online 19 Sep 2019

As lenders vie for Nigeria’s retail market amid a directive to lend more, Standard Chartered Nigeria, local outlet of the London bank, is mulling expansion in the retail banking space in a bid to boost ......

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Allahabad Bank to offer repo linked retail, small biz loans from October

Moneycontrol 19 Sep 2019

The bank had decided to launch retail loans and loans to micro & small enterprises linked with external benchmark rates published by Financial Benchmarks India Pvt LTd (FBIL), it said ... State-owned Allahabad Bank said it has launched repo-linked retail and small business loans....

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Retail sales dip in August amid drop in online shopping

Belfast Telegraph 19 Sep 2019

A healthy retail period dipped in August as UK shoppers bought fewer goods than in July, figures show. Retail sales fell by 0.2% month on month following a 0.4% increase in July, the Office for National Statistics (ONS) reported ... Philipp Gutzwiller, head of retail at Lloyds Bank Commercial Banking, said....

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FinMin to hold review meeting with public sector banks today

Moneycontrol 19 Sep 2019

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FM, bankers to meet today to review loan disbursal

Deccan Herald 19 Sep 2019

Finance Minister Nirmala Sitharaman will meet heads of public sector banks (PSBs) today to review their preparedness to shift to new norms of lending linked to repo rate, which seeks to make loans cheaper to retail borrowers as soon as the Reserve Bank of India lowers interest rates ... Banks....

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RBI not to allow teaser loans in repo rate regime

DNA India 19 Sep 2019

On the retail deposit front, consumers may find the lower rates of interest offered by banks unattractive ... Faced with erosion in retail deposits, banks need to walk the balancing line ... While the RBI wants a transparent anchor rate, banks say that the external benchmarking of all ......

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Five things to watch out for in Nirmala Sitharaman's meeting with PSB heads

Live Mint 19 Sep 2019

Sithraman had said banks will issue improved and transparent policy for one-time settlements to benefit MSME and retail borrowers in settling their dues, and that the lenders will also pass on RBI's repo rate cut to the customers....

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RBI explores loan rate pricing for housing finance companies

The Times of India 19 Sep 2019

After forcing banks to link retail loans to an external benchmark, the RBI is looking at the way non-banking finance companies (NBFCs) and mortgage companies price their products ... The banking regulator is nudging lenders to ensure that they have their retail lending rates linked to an external benchmark like the repo from October 1, 2019....

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How to avoid ATM fees when you travel

Market Watch 19 Sep 2019

But if that handy machine is not in your bank’s network, you could get a double whammy of fees. The ATM owner will probably charge a few dollars for the convenience, and your own bank may tack on an extra $2.50 or so ... In addition, some banks have relationships with convenience stores or other retailers that have ATMs on site....

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Allahabad Bank to launch loans linked with external benchmark rates; shares fall 3%

Moneycontrol 19 Sep 2019

Share price of Allahabad Bank fell 3.6 percent intraday on September 19 after the company decided to launch retail loans linked with external benchmark rates. The bank in its press release said that it has decided to launch Retail loans and loans to micro & small enterprise ......

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Nokia 7.2 announced: Price, offers, full specs inside

Deccan Chronicle 19 Sep 2019

Offers available at retail. Consumers purchasing Nokia 7.2 using HDFC Bank Credit and Debit cards on EMI and regular transactions done through Pinelabs terminals in retail stores, will receive a 10 per cent cashback. Consumers can also avail 10 per cent cashback when they use HDFC consumer finance in retail stores....

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Retail loans show signs of stress

The Times of India 19 Sep 2019

The last strong bastion of Indian banks is on a shaky ground, with early signs of a stress build-up in retail loans starting to surface, show data compiled by a credit information company ... Banks which have been pushing retail credit for more than five years because of a surge in ......