Retail Banking

Veteran company executive previously handled roles in consumer banking, retail, cards

ATM deployments had hovered between 225,000 and 235,500 units, before sniffing the 260,000-mark recently

To ensure financial inclusion, banks are opening specialised branches to deliver digital banking products and services. These paperless branches are called digital banking units. Here's more

In a Q&A, Axis Bank MD & CEO Amitabh Chaudhry says bank's core leadership is focused on 19 transformative initiatives, at both business and functional levels in order to become better execution engine

Anand joined Axis AMC in 2009 and was its founding MD and CEO. He subsequently went on to become the President (Retail Banking) of Axis Bank in 2013 and then joined the bank's board in 2016

HDFC's adjustable-rate home loans for customers with a credit score of above 750 will now be 6.75% versus 6.70% earlier

The bank also signaled it's done strengthening capital buffers after rebounding from steep losses two years ago at the onset of the pandemic.

HSBC says it is closing its US retail banking business in order to refocus its efforts on wealth management

Process may take more than a year to complete, say analysts; business as usual as of now

Among its various business verticals, analysts say Citi's credit card business will be most sought after by suitors

The planned disposal is part of HSBC Chief Executive Noel Quinn's strategy to slash costs across the banking group and Reuters previously reported that Cerberus was among two remaining bidders

When HSBC and Citigroup were expanding, they were offering best-in-class consumer banking. As technology improved, local rivals have overtaken them

HSBC on Tuesday is set to report an expected plunge in annual profits reflecting the impact of the Covid-19 pandemic

The US retreat would follow a sweeping restructuring earlier this year that called for 35,000 cuts

Hopeful that moratorium on withdrawal will be lifted by Friday, says bank administrator

91% respondents in India expressed their willingness to run their finances through major tech firms rather than banks