Latest News for: Private bank

Edit

SBP’s parting gift to the government

Dawn 17 Jan 2022
The private sector’s bank borrowing crossed the Rs1.014tr mark in 1HFY22 against that of only Rs344bn in the year-ago period, the latest SBP stats reveal ... In the absence of liquidity injection by the SBP, banks could also have taken advantage of a tight money market for making their private sector loans prohibitively pricier.
Edit

HDFC Bank shares fall post Q3 earnings despite broadband growth

Financial Express 17 Jan 2022
The country’s largest private bank reported an 18% year-on year (Y-o-Y) rise in its October-December net profit to Rs 10,342.2 crore – primarily backed by stable asset quality and a healthy rise in the net interest income (NII) ... “The numbers overall looked okay for the private ...
Edit

Play domestic cyclicals via banks, capital goods and real estate in 2022: Rana B Gupta

The Times of India 17 Jan 2022
One of the big domestic cyclicals is the large corporate private banks ... I would not be able to comment on specific stocks but overall the private sector banks as a pack looks quite interesting to us ... So even within private sector banks, we would bet on banks which we believe will grow the top line faster than the others.
Edit

Law allows PVB to increase capitalization

Manila Standard 17 Jan 2022
Philippine Veterans Bank (PVB) begins a new chapter in its vibrant history with the recent passage of Republic Act 11597 paving the way for the revitalization of the bank as it can now increase its capitalization and include post-World War II veterans to be shareholders while maintaining priority for World War II veterans and their immediate heirs.
Edit

Horta-Osorio leaves Credit Suisse in crisis: He was hired to clean up the scandal-ridden Swiss ...

The Daily Mail 17 Jan 2022
The affair blasted open the usually staid world of Swiss private banking, as stories emerged of a cocktail party bust-up between Credit Suisse’s top brass and a car-chase around Zurich as the spies pursued their target ... During his decade at Lloyds Bank, he was credited with ...
Edit

PVB revitalized with new Charter; bank execs laud Congress

Manila Bulletin 17 Jan 2022
The recent signing by President Rodrigo Duterte of Republic Act 11597 or the Philippine Veterans Bank Act is expected to pave the way for the revitalization of the state-owned bank as authorized capitalization will increase. Philippine Veterans Bank logo ... As such ownership of the Bank was limited to said Filipino veterans and their designated heirs.
Edit

Don’t see a significant upside in Reliance from current levels: Sandip Sabharwal

The Times of India 17 Jan 2022
"Correlating HDFC Bank commentary to the rest of the banks might be tougher because some of the smaller banks have asset quality issues which might come to the fore. But it holds good for the larger private sector banks like Kotak, Axis, ICICI ... HDFC Bank has been an underperformer.
Edit

Lenders raise rates as credit growth picks up

Live Mint 17 Jan 2022
In fact, private lender HDFC Bank has hiked deposit rates for the second time since December ... Premium Premium Banks need to be cautious about frauds in loans to smal ...
Edit

Banking, financial institutions struggling to deal with increasing fraud incidents: Deloitte survey

Financial Express 17 Jan 2022
Banks and financial institutions which participated in the survey included private, public, foreign, co-operative and regional rural banks in India ... Nishkam Ojha, Partner, Deloitte India, opined that the pandemic has forced banks to enact significant organisational and operational changes within a short timeframe to avoid service interruptions.
Edit

Al Rajhi Bank closes offering of $1.7bn Tier 1 sukuk bonds

Arab News 17 Jan 2022
Al Rajhi Bank has completed the issuance of SR6.5 billion ($1.7 billion) perpetual Tier 1 sukuk bonds denominated in Saudi Riyals ...
Edit

Govt inks MoUs with 44 foreign firms at Dubai Expo

Dawn 17 Jan 2022
He said that KP was the only province in Pakistan that built the country’s first motorway to Swat through public-private partnership ... Mr Shah said that Bank of Khyber would launch its own mobile App through which UAE-based Pakistani workers and investors could open their bank accounts.
Edit

KP govt inks MoUs with 44 foreign firms at Dubai Expo

Dawn 17 Jan 2022
He said that KP was the only province in Pakistan that built the country’s first motorway to Swat through public-private partnership ... Mr Shah said that Bank of Khyber would launch its own mobile App through which UAE-based Pakistani workers and investors could open their bank accounts.
Edit

Axis Bank closing in on Citi India’s consumer business, say sources

Financial Express 17 Jan 2022
Axis Bank and Kotak Mahindra Bank did not immediately respond to requests for comment ... Acquiring the assets would strengthen the high-end credit card and mortgage businesses of Axis Bank, India’s third largest private lender, analysts at ICICI Direct said in a note.
Edit

Axis Bank closing in on Citi India's consumer business: Report

The Times of India 17 Jan 2022
Kotak Mahindra Bank is still in the race but has submitted a lower bid than Axis Bank so ranks second in Citi's order of preference, the sources told Reuters ... Acquiring the assets would strengthen the high-end credit card and mortgage businesses of Axis Bank, India's third largest private lender, analysts at ICICI Direct said in a note.
Edit

Navi Mutual Fund launches Navi Nifty Bank Index Fund

Live Mint 17 Jan 2022
Navi Mutual Fund has announced the launch of Navi Nifty Bank Index Fund, an open-ended equity scheme that will replicate the Nifty Bank Index ... Nifty Bank Index offers exposure to 12 stocks from the banking sector including 10 private and 2 PSU banks which capture 88% of the market capitalization of all the listed banks.

Most Viewed

×