Banking Retail

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Saturday, 25 January 2020

Latest News for: Banking retail

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Bank of Baroda tumbles into red with Rs 1,407-cr net loss on higher provisions

The Times of India 25 Jan 2020

State-owned Bank of Baroda (BoB) slid into a surprise net loss in the third quarter due a rise in provisions after its own assessment of bad loans diverged from that by the banking regulator. The bank reported a loss of Rs 1,407 crore in December 2019 compared to a consolidated profit of Rs 436 crore in December 2018....

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ICICI Bank likely to report triple digit growth in Q3, with substantial decline in provisions

Moneycontrol 25 Jan 2020

Net interest income and pre-provision operating profit (PPoP) may grow around 30 percent each year-on-year, with loan growth of around 13 percent YoY driven by retail and SMEs ... ICICI Bank aims at Rs 1,200 cr retail loan disbursement in Assam in FY20 ... Axis Bank preview....

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In Anaheim: PacSun HQ sells for $44 million; hotel with waterpark opens

Orange County Register 25 Jan 2020

He will focus on raising debt and join venture equity for office, industrial, retail, hotel and multifamily properties in the Western U.S ... San Bernardino retail parcel sold ... In a statement, Wood Investment said it also plans to tear down a vacant building formerly occupied by Union Bank and build complementary retail sites....

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Citizens Financial Group to Present at the 2020 KBW Winter Financial Services Symposium

Olean Times Herald 25 Jan 2020

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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Comerica Bank Named Among World's Most Sustainable Companies with Global 100 Ranking

Tyler Morning Telegraph 25 Jan 2020

bank represented on this year's list with an overall rating as the 67th most sustainable company worldwide ... The Business Bank, The Retail Bank, and Wealth Management ... In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with ......

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Growth of credit cards, personal loans trebles in 5 years

Business Line 24 Jan 2020

While banks growing their retail businesses — at a time when the investment climate is tepid and corporates are struggling with weak balance-sheets — may only seem natural, the risk from a huge unsecured loan portfolio can be damaging ... Many private banks took tough calls to write ......

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TD Bank Ranks First in Customer Satisfaction Among National Banks, According to J.D. Power

The Trentonian 24 Jan 2020

Power Small Business Banking Satisfaction StudySM, and the highest ranking in the Southeast for overall customer satisfaction in Retail Banking, according to the J.D ... Retail Banking Satisfaction Study SM ... TD Bank, America's Most Convenient Bank, is one of the 10 largest banks in ......

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Secular growth helps Indian Bank post 62% rise in Q3 net

Yahoo Daily News 24 Jan 2020

Chennai-headquartered public sector lender Indian Bank on Friday reported a 62% rise in its net profit to Rs 247 crore for the third quarter of the current fiscal, compared with Rs 152 crore in the corresponding quarter last fiscal ... The bank’s advances continued to ride on the retail growth momentum at 64%....

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UnionBank’s ‘Baa2’ rating affirmed

The Manila Times 24 Jan 2020

The debt watcher elaborated the BCA also incorporates the bank’s reliance on high-cost, confidence-sensitive time deposits for funding, as well as the rising asset risks associated with the bank’s growing retail franchise. “Specifically, Union Bank has been focusing on expanding ......

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How secure are CBDCs? From security to policy, here are the risks associated with CBDC issuance

AMB Crypto 24 Jan 2020

So much so that the WEF published, what it’s called ‘‘, to assist central banks design and launch a digital currency ... One of them is setting up a retail CBDC – one that would “constitute the first digitized form of central bank money and liability the general public could own”....

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Canadian Retail Sales Rebound in November, Beating Forecasts

Canada Dot Com 24 Jan 2020

(Bloomberg) – Canadian retail sales rose the most in eight months in November, helping to allay concerns about the recent weakness in household consumption. Retailers sold 0.9% more goods in November, largely offsetting October’s 1.1% decline, Statistics Canada said Friday in Ottawa....

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Posthaste: Canadian consumers are alive and well — or are they?

Canada Dot Com 24 Jan 2020

The Canadian consumer is in the spotlight this morning with the release of retail sales numbers. One reason for the extra interest is the Bank of Canada’s statement Wednesday that it would be watching consumer spending “closely to see if the recent slowdown in growth is more persistent than forecast.” ... Canadian retail sales....

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Canara Bank profit rises 4% to ₹330 crore

Business Line 24 Jan 2020

RA Sankara Narayanan, Managing Director and Chief Executive Officer of the bank, in a release, said the bank’s credit growth is expected to be driven by retail, agriculture and MSME loans coupled with quality corporate loans....