Banking Wholesale

Latest News for: Banking wholesale

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Exclusive | Edelweiss in talks to raise capital in advisory vertical; demerger listing next on cards

Moneycontrol 30 Mar 2020

The Edelweiss Group’s ambitions of running a bank are well known and it even applied for a banking licence but was unsuccessful. “The promoters and the investor CDPQ are keen on more focus on the retail segment and therefore, reducing the wholesale book will be a priority....

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Banks#39; earnings could fall up to 35%: Kotak Mahindra, HDFC Bank may see the least impact

Moneycontrol 30 Mar 2020

The RBI governor on March 27 said the central bank was closely monitoring the situation and will step in whenever required ... "We like HDFC Bank as nearly 80 percent of wholesale lending is to AA and above, nearly 75 percent of SME portfolio is secured and about 75-80 percent of unsecured loans are to salaried customers," ICICI Securities said....

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ING provides update on dividend in the context of the coronavirus pandemic

Tyler Morning Telegraph 30 Mar 2020

In that context, ING announced today it will follow the recommendations made by the European Central Bank to European banks on 27 March 2020 regarding dividend distributions ... ING Bank’s more than 53,000 employees offer retail and wholesale banking services to customers in over 40 countries ... and/ or ING Bank N.V....

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Coronavirus: Bahrain orders all bank notes to be disinfected

Arabian Business 29 Mar 2020

“The Central Bank of Bahrain (CBB) has instructed 'money changers' to disinfect all incoming currency notes and wholesale imported notes to limit the risk of exposure to the coronavirus....

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YES Bank raises Rs 3,700 crore via CDs

The Times of India 28 Mar 2020

“The bank collectively raised the money in two days – Thursday and Friday,” said one of the persons cited above ... “Over the near to medium term, the bank’s ability to improve its deposit franchise and reduce its reliance on wholesale funding will be critical to maintain its scale of operations,” ICRA said....

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RBI steps to help increase liquidity, reduce panic: Findoc Group

Yahoo Daily News 28 Mar 2020

'Some private banks were in trouble and making up their CRR though wholesale market ... He also said that the moratorium on loan EMI on one hand has helped people to maintain liquidity but is negative for banking profitability ... ....

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Would have been nice if RBI had announced sector-specific measures: Mythili Bhusnurmath

The Times of India 27 Mar 2020

Certainly, since the rates have come down so substantially, it is only a matter of time before the banks also pass on that benefit. They may not pass it on to the full extent because in India, banks are dependent on retail deposits and not on the wholesale markets ... Otherwise, full marks to the governor and to the Reserve Bank of India....

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HSBC to put a hold on hiring and firing

Hong Kong Standard 26 Mar 2020

The bank last month announced its ... "Many elements of our transformation plan are moving forward as planned - the work to combine the back office of our wholesale businesses is continuing, and the creation of our wealth and personal banking business is progressing," Quinn said....

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What we need now is enormous liquidity rather than rate cuts: Suresh Ganapathy

The Times of India 26 Mar 2020

What will be the fallout of the coronavirus-induced downturn on banking and insurance sectors?. The immediate impact for both banks and the insurance sector would come in terms of sales or business growth because of their inability to be there in front of customers ... Are there any specific banks which will be affected more than others?....

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Coronavirus puts future of UK shopping centres in doubt as retailers stop paying rent

The Independent 26 Mar 2020

Coronavirus has thrown the future of Britain's shopping centres into doubt as hundreds of retailers simply stopped paying rent ... Download the new Independent Premium app ... Karen Johnson, head of retail & wholesale at Barclays Corporate Banking, said the public health emergency had quashed any chance of a springtime bounce back ... ....

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Very tough financing situation coming up for banks, NBFCs: Saurabh Mukherjea

The Times of India 25 Mar 2020

It is very difficult for bond traders or people in the wholesale money to do anything from home. As a result, we are seeing minimal levels of activity in the wholesale money market. That wholesale money market pretty much finances a big part of our economy, all our NBFCs and majority of our banks draw their funding from the wholesale money market....

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Even a temporary dislocation in cash flow can cause permanent damage: Ashish Gupta

The Times of India 25 Mar 2020

How to ensure that people who borrow wholesale continue to get money? In fact, we have seen after the delayed Yes Bank bailout, some of the small and mid-sized private banks are seeing some degree of credit outflow and in the secondary market at least, the yields of their paper have gone up....

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Commercial Bank International to support COVID-19 impacted customers

Gulf News 25 Mar 2020

Commercial Bank ... “CBI’s impacted wholesale, Islamic and business banking clients will be entitled to apply for eased loan repayments, re-profiling of the working capital facilities, as well as waiver of the minimum balance charges for 3 to 6 months,” the bank said in a statement....