Private Bank

Growth in personal loans has fallen off the cliff, while growth in gold loans has surged

Citizens Financial eyes bid for SVB's private bank, sources say

Citizens, one of the largest U.S. regional banks, is preparing to submit an offer in the auction of the business, which is called SVB Private, the sources said.

Five state-run lenders ride on stocks rally to enter 10 most-valued banks league

Analysts attributed the rally in PSU bank stocks to robust earnings, higher credit growth and improvement in asset quality.

MC Explains: Why the Kerala HC ruling on the Dhanlaxmi Bank Board battle is important

The verdict on the maintainability of writ petitions can set a precedent in similar cases. The HC has ruled that a private bank’s decision to appoint its Board of Directors is a private affair.

Ideas for Profit | Axis Bank: Stock valuation at a discount to other private banks; Should you buy?

Axis Bank has a focused strategy to improve margins, drive profitable growth to reach its aspirational ROE of 18 percent in the next three years. Can the bank achieve this feat, and should you invest for the long term? Watch the video to find out

Bajar Gupshup | Benchmarks settle at new closing highs; Banking index soars 800 pts

Sensex hit the fresh all-time high of 59,204 in intraday trade while Nifty made a fresh peak of 17,644. Among the sectors, Nifty PSU Bank index jumped 5.4%, while Private Bank index clocked a gain of 2.7%. Nifty Bank index rose 2.2%. Here are the key highlights of today's session

Scandal-hit Credit Suisse considers creating single private bank: Sources

The Swiss bank and its board are looking to decide on a fresh strategy as soon as October after meeting in the mountain town of Bad Ragaz, two sources familiar with the thinking of senior executives said.

Why Kotak Bank is one of the best core portfolio stocks despite all the noise

Kotak Mahindra's stock has underperformed both the Nifty and Bank Nifty in the last three months as its overly cautious approach to growth often doesn’t go down well with growth-hungry investors. More recently, the capping of private bank CEO’s tenure to 15 years by the RBI has raised questions about the bank’s future leadership as founder CEO Uday Kotak’s term ends on December 2023.

Watch: Ideas For Profit | Decoding the impact of COVID-19 on HDFC Bank's performance

HDFC Bank has delivered manifold returns since it made its debut at the exchanges in 1995.

Yes Bank reassures investors a day ahead of board meet, says it's committed to protecting stakeholders' interest

The board is set to meet on September 25 to decide on the action plan after the RBI directive that cut short Rana Kapoor's term as CEO and MD up to January 31, 2019

Amitabh Chaudhry of HDFC Life to succeed Shikha Sharma as Axis Bank CEO and MD

Chaudhry will take over for three years from January 1, 2019 till December 31, 2021

Barclays to hire 100 staff in private banking push

The hires will be a mixture of relationship managers - the money-earners in private banking who attract and serve customers - and the administrative and risk management staff necessary to support them, the source said.

As PSUs gain strength, pvt banks should speed up: Elara Capital

Private banks had been outperforming due to stress in public banks. But state-run banks are now regaining strength, and Harendra Kumar of Elara Capital says it is time for private banks to step up their game.

Gold demand picks up as jewellers resume buying post-Budget

The bullion industry had been urging a reduction in the duty to combat smuggling, which has increased since India raised import duty to 10 percent in August 2013 in an effort to narrow a gaping current account deficit.

Gold demand eases on higher prices; premiums mostly unchanged

In India, the world's second-largest consumer of the metal, higher prices prompted retail buyers to postpone purchases for wedding season.

Swiss banks step up battle for Asia's super-rich

Switzerland's wealth managers have long courted Asia's super-rich amid slowing growth at home and an international crackdown on its bank secrecy rules that has made the country a less attractive place to keep cash.

UBS posts $1.25 bn quarterly profit in early results

Net profit rose 53 percent on the year to 1.2 billion Swiss francs (USD 1.25 billion), much more than the 3.2 percent rise forecast in a Reuters poll of analysts that was not published before the Zurich-based bank posted earnings.

India skips announcement of an auction; lifts bonds

Indian bonds edged higher on Tuesday after the central bank skipped the announcement of a debt sale for the week on Monday, easing concerns about supply somewhat but sparking speculation it was on account of the government's high cash position.

Kotak Mahindra Bank: Kona Kona Kotak

After acquiring ING Vysya Bank for an estimated Rs 15,000 crore, last November Kotak Mahindra Bank became India‘s fourth largest private bank. To communicate this to its consumers the bank released a campaign emphasising its now much larger network. Story Board talks to Karthi Marshan, Sr EVP & Head Group Marketing, Kotak Mahindra Bank.

RBI steps up interventions to prevent rupee gains

There are expectations the Fed will remain cautious on rate hikes, benefiting the rupee. The rupee had gained for seven straight sessions to Tuesday on large dollar inflows into equity and debt markets.

Sensex under pressure, Bank Nifty falls 1%; Pfizer up 9%

The Sensex is down 47.79 points at 20843.03, and the Nifty is down 15.10 points at 6188.25. About 1026 shares have advanced, 484 shares declined, and 78 shares are unchanged.

Karur Vysya Bank plans to raise Rs 1,000 cr via QIP

Private sector Karur Vysya Bank today said it plans to raise up to Rs 1,000 crore from qualified institutional investors to fund its expansion plan.

Buy private sector banks on decline: Dipen Sheth

According to Dipen Sheth, Head-Institutional Research at HDFC Securities, one can buy private sector banks on decline.

Assets surge; UBS once again world‘s largest private bank

The Swiss bank displaced Bank of America Corp from the top spot in an annual benchmark compiled by London-based wealth management consultant Scorpio Partnership.

Prefer ICICI Bank, Yes Bank, SBI, PNB: Dolat Capital

Dolat Capital has come out with its Q4FY13 review on Indian banking sector. The research firm continues to prefer ICICI Bank, Yes Bank and KVB amongst the private banks and amongst the PSBs SBI and PNB as they have been able to improve their asset quality over the past 2 quarters.