Retail Banking

Citi's scaling down of operations in India is part of its strategy to exit retail businesses in 13 markets to conserve capital and focus on higher-yielding revenue streams. It had entered India in 1902 and started the consumer banking business in 1985.

Axis Bank closer to buying Citigroup's Indian retail banking arm for $2.5 billion

Various reports suggest that Axis Bank will need around six more months to merge its consumer business in the country with Citigroup’s once the acquisition comes through

Retail Banking Transformation in the COVID world

A sponsored feature article by Standard Chartered Bank in association with CNBC-TV18 under the India on the Move series (Season 4), a consumer awareness initiative

Exclusive | Citibank to look for a buyer for its India retail business; no impact for existing customers, employees due to consumer biz exit

Post the exit from consumer business, Citibank will focus on the wholesale business and will continue to invest in expanding that segment

Earnings trend positive; see 25-50 bps rate cut in FY17: UTI MF

Although one cannot totally rule out rate cut by the RBI in the upcoming meet on Ocotber 4, the odds are in favour of rate cut in later, said Swati Kulkarni, Exec VP & Fund Manager, UTI MF.

See retail business growing by 3-4% in FY17: SBT

Talking about the State Bank of India (SBI) merger, Harikumar said that it is still at an exploratory stage.

Yes Bank makes 3 sr level changes to beef up retail banking

These appointments are in accordance with the bank's plan of building a robust retail & MSME lending franchise

Deutsche Bank mulls selling India retail ops: Report

The bank's branch operations in the country had delivered a 93 percent surge in its net profit for the year ended March 2015 at Rs 1,406 crore. When contacted, a spokesperson for Deutsche Bank in the country declined comment on the matter, calling it as "speculation".

BNP Paribas net profit beats forecasts

Analysts polled by agency had forecast a net profit of 1.81 billion euros. Revenue for the bank in the second three months of the year was 11.08 billion euros, above analyst forecasts of 10.58 billion euros.

IndusInd completes acquisition of RBS bullion financing biz

Hinduja Group-promoted IndusInd Bank on Monday said it has completed acquisition of Royal Bank of Scotland's diamond and jewellery financing business in the country.

TCS launches product for American banks

TCS' BaNCS Digital is designed for financial institutions in North America and will allow for integration of various stakeholders in the financial supply chain and its ecosystem, the Tata group company, which gets bulk of its revenue from the continent, said in a statement.

Liver surgeon Sanjeev Kanoria is now a banker too

Talk about many hats: Born into a Marwari entrepreneurial family in Kolkata, Sanjeev Kanoria is an expert in liver transplant surgery and, now, the owner of an Austrian bank. This is apart from his health care business in the UK

Banks not keen to act as insurance brokers

The insurance industry was anyways not too hopeful of large private & public sector banks entering the insurance broking segment, now, it seems most banks are not keen.

Wipro, Efma Launch Global Retail Banking Digital Marketing Report 2013

Only 13 percent of the banks surveyed demonstrate the highest level of maturity in digital marketing.

Yes Bank says interested in RBS India retail asset

Mid-sized Indian private sector lender Yes Bank is interested in acquiring Royal Bank of Scotland Group Plc's (RBS) India retail assets, but has not done a due diligence as of now, its Chief Executive Rana Kapoor said on Wednesday.

Have good basis for growth in India, China: Deutsche Bank

Deutsche Bank's retail banking chief is focussing on overseas expansion and a renewed emphasis on measuring what clients earned as a way to regain traction in an industry where client trust has been damaged by the financial crisis.

SBI to hire 9,500 staff in FY13; key focus on retail biz

The country's largest bank SBI has said it plans to hire 9,500 employees this fiscal and its main thrust will be on retail banking in the coming years.

HSBC says losing money in China, India retail banking

HSBC Holdings Plc, Europe's biggest bank, is losing money in its India and China retail banking operations, but will keep the businesses because the bank needs the yuan and rupee deposits, its chief executive said on Thursday.