Private Bank

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HDFC merger gets RBI nod, will up private banks’ market share

The Times of India 05 Jul 2022

In a move that will increase the share of the private sector in Indian banking, the Reserve Bank of India (RBI) has given its ‘no objection’ to the merger of HDFC with HDFC ... The communication comes at a time when private lenders — led by ... Among other private banks, IndusInd Bank.

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Credit Suisse names new head of Swiss private banking

FX Empire 05 Jul 2022

ZURICH (Reuters) – Credit Suisse on Tuesday said it was naming Roger Suter its new head of private banking in Switzerland, succeeding current manager Serge Fehr ... the bank said in a statement.

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Private banks report strong loan growth in Q1FY23

Financial Express 05 Jul 2022

A clutch of private banks reported strong provisional loan growth numbers for the quarter ended June ... Retail loans at the country’s largest private lender grew 21.5% YoY in ... Even as private banks are leading on loan growth, we are seeing recovery in public banks as well,” KIE said.

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HDFC merger gets RBI nod, will up pvt banks’ mkt share

The Times of India 05 Jul 2022

In a move that will increase the share of the private sector in Indian banking, the Reserve Bank of India () has given its ‘no objection’ to the of with HDFC Bank ... In the last five years, private banks have increased their market share of bank credit by 10 percentage points to nearly 40%.

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HDFC Bank reports tepid loan growth in Q1

The Times of India 05 Jul 2022

Private lender HDFC Bank ... Meanwhile, other private sector peers IndusInd Bank. , Federal Bank. and IDFC First Bank ... For HDFC Bank, growth was soft in the June quarter with total credit growing by 21.5% year-on-year (YoY) and 1.9% ...

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Stocks to Watch: HDFC, Tata Steel Long, Kotak Mahindra Bank, IndusInd Bank, TCS | Mint

Live Mint 05 Jul 2022

India’s largest private lender HDFC Bank on Monday said the Reserve Bank of India (RBI) has approved its proposed merger with parent and mortgage lender HDFC ... The Reserve Bank of India on Monday penalized the private sector lenders Kotak Mahindra Bank for failing to comply with ...

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RBI fines Kotak, IndusInd banks Rs 1 crore each

The Times of India 05 Jul 2022

Besides the two private banks, the central bank has also penalised some co-operative banks — Nav Jeevan Co-operative Bank, Balangir District Central Cooperative Bank ( Balangir), Dhakuria Cooperative Bank (Kolkata), and The Palani Co-operative Urban Bank (Palani) ... The penalty was imposed after giving the concerned banks a hearing.

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RBI approves merger of HDFC Bank with parent HDFC Corp

The Times of India 05 Jul 2022

Private lender HDFC Bank ... The bank had applied ... The bank did not specify the conditions laid down by the regulator.

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HDFC merger gets RBI nod

Financial Express 05 Jul 2022

HDFC Bank on Monday said the Reserve Bank of India (RBI) has approved its amalgamation with Housing Development Finance Corporation (HDFC) ... The merged entity will be twice the size of ICICI Bank, the second largest private bank in the country, and will shrink the gap between HDFC Bank and market leader State Bank of India (SBI).

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AIB & Bank of Ireland poised for killing at ECB expense on €20bn of Covid loans

Irish Independent 05 Jul 2022

The ECB fears a reputational hit if it is seen to provide mostly privately owned banks with a windfall that boosts shareholder dividends and even potentially bonuses for executives ... The loans were conditional on banks not shrinking overall lending but terms are generous.The TLTRO loans carry an interest rate of minus 1pc.

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16 up-and-comers in equity research on Wall Street

Business Insider 05 Jul 2022

Goldman Sachs; Citi; Cowen; Deutsche Bank; Sean Gladwell/Getty; Savanna Durr/Insider ... "This contagion did not extend into the traditional banking and finance sector," Michael Hsu, the acting US comptroller of the currency, tells the Financial Times ... Toronto-Dominion Bank is reportedly weighing a takeover of the New York-based brokerage firm Cowen.

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Stocks in the news: LIC, Tata Steel, Vedanta, Adani Enterprises and HDFC Twins

The Times of India 05 Jul 2022

HDFC Bank, HDFC. The largest private lender said it has got banking sector regulator RBI's nod for the merger proposal of its parent HDFC with itself ... Private lenders. The Reserve Bank of India has imposed a penalty of Rs 1.05 crore on Kotak Mahindra Bank. and Rs 1 crore on IndusInd Bank.

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Australian central bank raises interest rates in 3rd consecutive lift

China.dot.org 05 Jul 2022

The 0.50 percent increase marks the third consecutive month the Reserve Bank of Australia (RBA) has lifted interest rates from their "emergency" level of 0.10 percent maintained through the pandemic ... A number of private banks have forecast that the decline in house prices would continue into the double digits as monetary conditions normalize.

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We could be at the beginning of a multi-year credit cycle: Vinay Sharma

The Times of India 05 Jul 2022

“We are getting more bullish on some of the smaller private banks as well as some of the medium sized public sector banks along with some of the niche plays in the NBFC sector as well ... I want to start with a big trigger for the HDFC Bank. as well as HDFC. Limited stock ... Your view? ... There are several reasons for that ... Optically it looks much better. .

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Private fishing and swimming in the Boyne in Co Meath for €800k, 30 minutes from Dublin

The Irish Times 05 Jul 2022

Oak Lodge has single-bank private fishing rights for the river at the end of the garden ... to Oak Lodge and spent retirement fishing for trout and salmon, as the property has single-bank private fishing rights for this part of the River Boyne, which flows at the end of the garden.