Banking Retail

Tuesday, 22 October 2024

Latest News for: Banking retail

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Will LuLu IPO set new UAE record for retail investor over-subscription?

Gulf News 22 Oct 2024

Each of the highly anticipated IPOs since then garnered heavy retail investor participation, and with investors going to their banks for loans to pay for the subscriptions. Will LuLu raise the retail investor limit?.

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CBDC has an edge on Bitcoin, Ether: Experts to govt

Hindustan Times 22 Oct 2024

Reserve Bank of India (RBI) Governor Shaktikanta Das recently spoke about utilising the full potential of CBDC at a conference in Bengaluru ... The retail pilot now has over 5 million users and 16 participating banks.

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What would an escalation of the war in the Middle East mean for GCC banks?

Khaleejtimes 22 Oct 2024

“Under high and severe stress, banks appear capable of handling potential funding outflows by using their liquid assets ... - A spike in default rates among banks’ corporates and retail clients as the geopolitical instability affects regional economies.

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HS2 was never the north’s salvation

New Statesman 22 Oct 2024

The government has now slapped down the claims ... Its former industrial heartlands are dominated by low-paid and insecure work in retail and logistics, pocked with food banks and homelessness, intergenerational unemployment and poor health ... [See also.

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Lulu Retail Holdings to Launch IPO on Abu Dhabi Securities Exchange, Offering 25% of Shares

Emirates 24/7 21 Oct 2024

Lulu Retail, incorporated as a public company limited by shares in the Abu Dhabi Global Market (ADGM), will offer 25% of its total issued shares ... Yusuffali M.A., Chairperson of Lulu Retail, commented. ... “Lulu is synonymous with retail in the GCC.

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Abbey Mortgage Bank’s Roadshow Excites Customers in Abuja

This Day 21 Oct 2024

Speaking, Group Head of Retail Sales and E-Business, Abbey Mortgage Bank, Felix Omodayo-Owotuga, said ... solutions, positioning itself as a one-stop-shop for all domestic banking needs,” he added.

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PH banks can handle household debt risks

The Manila Times 21 Oct 2024

But the rapid growth of retail loans, particularly in unsecured lending such as credit cards, adds another dimension of risk to the banks. Credit card debts accounted for 28 percent of total retail loans in the country as of 2023.

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QCB ‘Fawran’ payment service now through QPay

Gulf-Times 21 Oct 2024

Retail customers in Qatar can now make use of the Qatar Central Bank’s ‘Fawran’ payment service through the National E-Commerce Gateway – ‘QPay’.According to the QCB, the instant payment service can ...

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Banks may have to borrow more as deposit growth slows down, with share of low-cost deposits hitting a two-decade low in FY24

Financial Express 21 Oct 2024

The share of Indian banks' borrowings will continue to rise gradually within their overall funding mix if they struggle to attract sufficient fresh deposits to support loan growth, says a Fitch Ratings report.

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Warren Buffett is selling one of the world's biggest companies

Aiken Standard 21 Oct 2024

$41 billion.Bank of America (BAC) , market value ... Buffett’s Bank of America machinations ... Looking at the bank broadly, “it has one of the best retail branch networks and overall retail franchises,” Sharma said.

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NBB unveils “Win Back Your Money” Campaign

The Daily Tribune - Bahrain 21 Oct 2024

Speaking on the occasion, Subah Abdullatif Al Zayani, Chief Executive – Retail Banking at NBB remarked, “We aim to elevate the banking experience of our credit cardholders while rewarding their everyday lifestyles.

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Stocks that will see action today: October 21, 2024

Business Line 21 Oct 2024

Terming it as a “high-quality loan book”, the statement from Kotak Mahindra Bank said the deal aligns with its strategy to “transform for scale and focus on customer-centric growth” and will help drive its retail assets growth.

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Sectors that gained mutual funds’ interest in September

The Economic Times 21 Oct 2024

Mutual funds showed interest in banks, auto, metals, retail, ...

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Standard Chartered raises Vietnam GDP growth forecast to 6.8%

The Saigon Times 21 Oct 2024

The upward adjustment reflects improvements across multiple sectors, including imports and exports, retail sales, real estate, tourism, construction, and manufacturing, according to the bank’s economists.

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Financial system resources nearing P34 trillion

Manila Bulletin 21 Oct 2024

Domestic banks are also planning to focus more on corporate and retail lending; providing financial support to sustainable and green projects including key sectors such as micro, small, and medium ...