Retail Banking
Citi names Indian origin Selva as COO to lead risk management overhaul
Veteran company executive previously handled roles in consumer banking, retail, cards
Six years after demonetisation, deployment of ATMs set for biggest spike
ATM deployments had hovered between 225,000 and 235,500 units, before sniffing the 260,000-mark recently
 "Six years after demonetisation, deployment of ATMs set for biggest spike")
What are Digital Banking Units?
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
 "What are Digital Banking Units?")
We are looking at being distinctive as a bank: Axis Bank MD & CEO
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
 "We are looking at being distinctive as a bank: Axis Bank MD & CEO")
Axis Bank reappoints Rajiv Anand as Dy Managing Director for three years
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
 "Axis Bank reappoints Rajiv Anand as Dy Managing Director for three years")
HDFC hikes retail prime lending rate on housing loans by 5 bps
HDFC's adjustable-rate home loans for customers with a credit score of above 750 will now be 6.75% versus 6.70% earlier
 "HDFC hikes retail prime lending rate on housing loans by 5 bps")
Santander pledges profitability growth after earnings beat
The bank also signaled it's done strengthening capital buffers after rebounding from steep losses two years ago at the onset of the pandemic.
 "Santander pledges profitability growth after earnings beat")
Banking giant HSBC exiting US retail banking to focus on wealth management
HSBC says it is closing its US retail banking business in order to refocus its efforts on wealth management
 "Banking giant HSBC exiting US retail banking to focus on wealth management")
Citi may be spoilt for choice for consumer business suitors: Analysts
Process may take more than a year to complete, say analysts; business as usual as of now
 "Citi may be spoilt for choice for consumer business suitors: Analysts")
Citi's exit from retail banking an opportunity for Indian banks: Analysts
Among its various business verticals, analysts say Citi's credit card business will be most sought after by suitors
 "Citi's exit from retail banking an opportunity for Indian banks: Analysts")
HSBC in talks to sell French retail banking to Cerberus, says report
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
Global retail banking: A particular breed heading for extinction
When HSBC and Citigroup were expanding, they were offering best-in-class consumer banking. As technology improved, local rivals have overtaken them
HSBC to announce exit from US retail banking, reshuffles top jobs
HSBC on Tuesday is set to report an expected plunge in annual profits reflecting the impact of the Covid-19 pandemic
 "HSBC to announce exit from US retail banking, reshuffles top jobs")
Scaling back global ambitions, HSBC may dump US consumer banking business
The US retreat would follow a sweeping restructuring earlier this year that called for 35,000 cuts
YES Bank to transform into a retail bank: Administrator Prashant Kumar
Hopeful that moratorium on withdrawal will be lifted by Friday, says bank administrator
 "YES Bank to transform into a retail bank: Administrator Prashant Kumar")
Tech firms like Apple, Amazon biggest threat to traditional banks: Study
91% respondents in India expressed their willingness to run their finances through major tech firms rather than banks
 "Tech firms like Apple, Amazon biggest threat to traditional banks: Study")
