Private Banking

The billionaire Uday Kotak-backed division added 2,280 new families to its client base in private banking in the year ending March 2024

Strong earnings to drive large private lenders ahead of PSU banks: Morgan Stanley's Sumeet Kariwala

Kariwala added that the Indian banking sector is in early stages of a strong upcycle, supported by normalisation of credit costs, steady loan growth, and expected healthy earnings

HSBC India bets big on country's fast-growing private banking business

The bank reintroduced its private banking service in India in July 2023 after exiting the business in 2015.

HSBC pledges to return to private banking in India

On a rainy July evening in Mumbai’s central business district, HSBC Holdings Plc announced to about 100 wealthy Indians it is returning to private banking in India, where it exited about eight years ago.

Kotak-ING Vysya: Cos will need more shareholder support

Voting cap means both Kotak and ING need more public support than they would have for this deal to go through. The deal is done under the Banking Regulation Act and not the Companies Act.

Macros improving on RBI moves; further rally likely: Kotak

Speaking to CNBC-TV18, Dipen Shah, senior vice president and head- PCG Research, Kotak Sec, says the ground realities of growth haven‘t changed and no new projects have been announced either.

Gautam Shah bullish on private banking space

Gautam Shah of JM Financial is bullish on the private banking side from a medium-term perspective.

FMCG stocks impacted by slowdown

The downturn in the India growth story spares no one, not even the Sensex's top performers. Consumer companies have been stock market darlings for close to five years.

Dena Bank has support at Rs 70: Amit Gupta

Amit Gupta, Head- Derivatives at ICICI Direct is of the view that Dena Bank has support at Rs 70. "If it is holding that support, one can see another 3-4 percent of upmove in it," he adds.

Pick private banking stocks to go long: Bhavin Desai

Bhavin Desai of Motilal Oswal is neutral on IT space and recommends going long on private banking stocks.

Varun Goel upbeat on private banking

Varun Goel, Karvy Private Wealth is upbeat on private banking.

Julius Baer to buy Macquarie's Asia pvt wealth business

Swiss private bank Julius Baer agreed to buy the USD 1 billion Asian private wealth portfolio of Australia's top investment bank Macquarie Group, in a sign of consolidation in Asia's wealth management industry.

C.Suisse to cut jobs as Q2 sags on poor trading

Swiss bank Credit Suisse announced it would cut about 2,000 jobs as it reported second-quarter net profit that missed expectations, dented by weak trading activity and the strong Swiss franc.

Global wealth industry stuck in neutral: Research

As the world's population of millionaires booms, the global wealth management industry is failing to convince new customers its services are worth paying for, leaving it grappling with slowing sales alongside rising costs, research showed on Wednesday.

JPMorgan CEO: I'm staying put, and bank is growing

JPMorgan Chase & Co Chief Executive Jamie Dimon said his bank will not be "goaded into doing something dumb" with its capital, even as it prepares an aggressive expansion in consumer and private banking over the next five years.