FirstRand Bank chief executive and country manager Rohit Wahi. The bank's loss in India widened to Rs77 crore in fiscal 2013-14 from Rs59 crore in the previous year. Photo: S. Kumar/Mint Mumbai: FirstRand Bank Ltd , South Africa's largest lender ... Livemint.com, 4 days 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, 2 weeks ago FIRSTRAND : First rand bank focuses on urban unbanked 4 Traders, 1 week 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 ...Smart Investor, 2 months ago
MUMBAI: With a flagging economy Indian corporates have stayed away from raising capital in the debt market in the first half of 2014 as they went slow on their expansion plans. But, the scene may reverse as the newly elected government is expected ...Economic Times, 2 months 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, 3 weeks ago
India's 10-year government bonds declined for a third day on speculation demand will weaken as investors await a report this week on gross domestic product. The $1.9 trillion economy probably expanded 4.9 percent in the three months through June, ...Bloomberg, 1 week ago Foreign players lap up gilts; FPI limit hiked by $5 bn Economic Times, 1 month ago Indian bonds rally most in 3 weeks on optimism foreign debt limits may be raised Livemint.com, 1 month ago Ten-Year Bonds Rally as India Said to Revise Foreign Debt Limits BusinessWeek, 1 month ago
THE controversial decision by Moody's to downgrade South Africa's big four banks - Standard Bank, Nedbank, FirstRand and Absa - shows that the ratings agency was spooked by the losses forced on long-term depositors and bondholders of African Bank. ...Times Live South Africa, 1 week ago
India's 10-year sovereign bond yield held near a two-week low after the nation cut its borrowing plan through September, leading to optimism demand for existing securities will rise. The government plans to sell 120 billion rupees ($2 billion) of ...BusinessWeek, 1 week ago India's 10-Year Yield Near Two-Week Low After Debt Supply Cut Bloomberg, 1 week ago India Bond Yield Rises From One-Week Low Before Inflation Data BusinessWeek, 2 weeks ago Indian 10-Year Bond Yield at One-Week Low on Supply; Rupee Gains Bloomberg, 2 weeks ago
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In a chat with ET Now, K Harihar of FirstRand Bank shares his views on the rupee and the markets. Excerpts: ET Now: Rupee is at 61.61 and we were talking about five-month lows really coming in for the rupee and about how 62 is an important support.Economic Times, 3 weeks ago Don't expect a runaway fall for rupee going forward: K Harihar, FirstRand Bank Economic Times, 3 weeks ago
India's rupee slumped the most in six months as demand for dollars increased after U.S. data signaled the world's largest economy is improving. An American non-manufacturing index rose in July at the fastest pace since December 2005 and factory ...BusinessWeek, 3 weeks ago Rupee ends steady; trade data has little impact Rediff.com, 1 month ago India rupee ends steady; trade data has little impact Financial Daily, 1 month ago Rupee ends steady, bonds gain Smart Investor, 1 month ago
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