FirstRand Bank Ltd of South Africa , which has invested over $100 million in India has decided to focus on lending to individuals in India . It expects the revival in the Indian economy to help it to wipe out loss suffered in the past five ... 4 Traders, 2 weeks ago
FirstRand shifts India focus to pare losses - Livemint.com, 3 weeks ago
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South Africa's FirstRand Bank has decided to focus on the urban unbanked section to expand its reach in India instead of chasing the growing affluent class where the competition is more intense. "We are trying not to operate just like any other ...Smart Investor, 1 month ago FIRSTRAND : First rand bank focuses on urban unbanked 4 Traders, 1 month ago
South African banking major FirstRand Bank's India branch has posted a net loss of Rs 76.75 crore for 2013-14. It also experienced high asset quality pressures due to loan defaults by corporates during the inancial year. Rating agency CRISIL in a statement ...Business Standard, 2 months ago
The meeting will be held in Gurgaon close to New Delhi on Friday. Zokwana's visit coincides with the first Indo-SA week to be held in India organised jointly by the Indian PHD (Producers, Harmony and Development), the Chamber of Commerce and ...Citizen.co.za, 1 week ago
India's 10-year sovereign bonds rose for the first time in three days as the biggest increase in yields in four months attracted buyers. The yield on the 8.4 percent notes maturing July 2024 climbed 14 basis points in the past two days after ...BusinessWeek, 1 month ago
India's rupee rose for a fourth day, paring a weekly drop, after data showed the trade deficit narrowed the most in almost a year and global funds increased holdings of local assets. The shortfall decreased to $10.8 billion last month as lower oil ...BusinessWeek, 4 days ago
Financial inclusion, concerns more than just a transactional bank account. It should address savings, loans, transactions, and insurance in order to best meet consumer needs, says Ashish Desai. Providing banking services to the bankable unbanked has been on the agenda of central banks in most countries, particularly those of emerging markets. A significant section of the target customer base in emerging markets earns less than $2 a day and can ill-afford banking services, due to the high costs ...Rediff.com, 1 week ago
FirstRand Ltd. (FSR) , Africa's biggest bank by market value, said fiscal full-year profit climbed 24 percent after it won more clients and bad debts fell. Net income rose to 18.4 billion rand ($1.7 billion) in the 12 months through June, from a ...Bloomberg, 2 weeks ago
India's 10-year government bonds completed a weekly advance on speculation an increase in cash supply will buoy demand for sovereign debt. The Reserve Bank of India drained an average of 129.4 billion rupees ($2.1 billion) each day this week ...BusinessWeek, 2 weeks ago India 10-Year Bonds Set for Weekly Gain as Cash Supply Improves Bloomberg, 2 weeks ago India Bonds Advance as Growing Cash Supply Seen Boosting Demand Bloomberg, 2 weeks ago India's 10-year bonds complete weekly gain as cash supply improves Livemint.com, 2 weeks ago
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India 's 10-year bond yield held near the lowest level in more than a week on speculation rising cash at banks will spur demand for government debt. The Reserve Bank of India has drained an average of 160 billion rupees ($2.7 billion) a day this ...Bloomberg, 2 weeks ago India Bond Yields Hold Near 1-Week Low on Improving Cash Supply BusinessWeek, 2 weeks ago India Bond Yield Rises From One-Week Low Before Inflation Data BusinessWeek, 1 month ago Indian 10-Year Bond Yield at One-Week Low on Supply; Rupee Gains Bloomberg, 1 month ago
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