Banking Retail

Wednesday, 04 October 2023

Latest News for: Banking retail

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Harry Chapin Food Bank receives $358,215 grant from Walmart Foundation, Feeding America

Lehigh Acres Citizen 04 Oct 2023

This grant will allow Harry Chapin Food Bank to expand its retail rescue program as part of its overall partner agency program, providing more Southwest Floridians with access to nutritious food ... The Retail Agency Capacity Building Grants were awarded to a total of 20 Feeding ...

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HDFC Bank revamps top management after mega merger

Financial Express 04 Oct 2023

Arvind Vohra, who previously led the retail branch business will take over the bank’s retail assets, excluding mortgages, which will be led by Arvind Kapil as previously reported.Parag Rao, who led previously led payments, consumer finance and digital banking, has an expanded ...

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Security Bank hailed as Best Retail Bank in the Philippines by Alpha Southeast Asia

Sun Star 04 Oct 2023

was awarded Best Retail Bank in the Philippines by Alpha Southeast Asia at the 17th Annual ...

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New Economic Indicator from Square Shows Wages Continue to Rise, but the Post-Pandemic Job Boom ...

The Joplin Globe 04 Oct 2023

Square offers purpose-built software to run complex restaurant, retail, and professional services operations, versatile e-commerce tools, embedded financial services and banking products, buy now, pay later functionality through Afterpay, staff management and payroll ...

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Bank of Korea takes first step to adopt centralized digital currency

Korea Times 04 Oct 2023

The Bank of Korea (BOK) announced its first move toward adopting a central bank digital currency (CBDC). A CBDC is a new form of digital money issued by a central bank ... retail and general-purpose CBDCs and wholesale CBDCs ... The central bank also pledged to continue its research on retail and general-purpose CBDCs.

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Ikano Bank Leverages Qlik Cloud to Optimize Performance and Increase Customer Satisfaction

Enid News & Eagle 04 Oct 2023

The company chose Qlik Cloud for its modern approach to analytics, which Ikano Bank sees as a key driver in bringing data to the organization ... The result is more satisfied customers and increased sales for the bank.” ... Ingka Group, the largest IKEA retailer under franchise agreements with Inter IKEA Systems B.V., owns the remaining 49% of the Bank.

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India cenbank seen holding rates steady Friday but striking hawkish tone

Reuters 04 Oct 2023

"Even as the worst of inflation is behind us and core retail prices are on a downward journey, we would still ... Annual retail inflation in August was 6.83%, easing from 7.44% in July -- a 15-month high -- but remained well above the central bank's 2%-6% comfort band.

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Michigan ranks 4th nationally in loss of bank branches, new study finds

Grand Rapids Business Journal 04 Oct 2023

with at least 250,000 residents, Flint ranked second nationally with the closing of 21.7% of all full-service and retail bank offices in the market ... Nationwide, banks closed nearly 6,458 full-service and retail branches from June 2020 to June 2023, reducing the number of offices by 7.1%, according to the LendingTree analysis.

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Eurozone Retail Sales Slipped More Than Expected in August

Market Watch 04 Oct 2023

Retail trade decreased more than ... The weaker-than-expected retail demand might meanwhile help convince the European Central Bank to keep interest rates untouched following last month's hike, especially if inflation continues to ease and demand for goods and labor continues to cool.

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India's HDFC Bank posts 4.9% sequential growth in loan book, rejigs management

Reuters 04 Oct 2023

HDFC Bank merged with HDFC on July 1 in a $40 billion deal, the largest in India's corporate history ... Alongside, the mortgage business will now be handled by Arvind Kapila, while the erstwhile HDFC Ltd's non-retail real estate loans will be under Kaizad Bharucha, who manages wholesale banking, the person said.

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Former Bank of Scotland Ireland boss Mark Duffy plans new property venture

The Irish Times 04 Oct 2023

Former Bank of Scotland Ireland chief Mark Duffy has founded Dwellr, which aims to help people get on the property ladder ... Mr Duffy was chief executive of Bank of Scotland Ireland at the time of the banking crash in 2008, leaving the lender shortly afterwards. Bank of Scotland Ireland and its retail arm Halifax subsequently quit the Irish market ... .

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HDFC Bank: Jefferies says recent revamp plans to support growth, see 33% upside and maintains ‘Buy’ at Rs 2030

Financial Express 04 Oct 2023

Jefferies recently had interactions with the management of HDFC Life and HDFC AMC, two listed subsidiaries of HDFC Bank ... Jefferies, however, cautioned that “the risk is from a spike in rates as HDFC Bank now has a higher share of non-retail funds and its cost of funding will be more linked to market rates, than in the past.

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RBI's rate-setting panel starts deliberations amid expectation of status quo

Indian Express 04 Oct 2023

In case of a status quo, interest rates for retail, as well as corporate borrowers, would remain stable. Experts believe that the Reserve Bank will retain the benchmark rate at 6.5 per cent in view of the elevated inflation and global factors. The Reserve Bank started increasing ...

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‘Unsecured loan growth high, but RBI unlikely to put regulatory restrictions’

Financial Express 04 Oct 2023

Unsecured loans are on the rise, but the Reserve Bank is unlikely to put regulations to curb the same, a top official of India Ratings and Research said on Wednesday ... It can be noted that banks have been reporting very high growth in the retail unsecured books for the last few months, leading to concerns over its possible impact on asset quality.

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