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FIRSTRAND BANK
FirstRand Bank, South Africa's second largest bank, to exit India after 12 yearsThe news was broken to FirstRand staff via a video conference on Tuesday. In response to a query from ET India CEO Rohit Wahi shared a stat...- FirstRand Bank decides not to lend to SMEs, to focus on Indo-Africa trade corridorThe bank will scale down its retail deposit franchise and stop lending to small and medium enterprises (SMEs) to concentrate on corporate a...
- Rupee slips to 2-year low on yuan devaluation; will it weaken further?From Monday's close of Rs 63.87 against US dollar, the Indian unit has fallen 1.6% since the Chinese exchange rate move.
- China stocks driven by retail investors, may not impact global markets: K Harihar, FirstRand Bank"Two factors, which will impact dollar Rupee equity and the bond market will be Greece in terms of sentiment and the Federal Reserve in ter...
- Inflation to spike after August, banks' ability to cut rates doubtful: K. Harihar, FirstRand Bank'You hope the system will take the rates down, but the cost of deposits also needs to come down.'
- Rise in equity market from current levels is going to be gradual: K Harihar, FirstRand BankTypically when these kinds of things happen, you try to link it to a global factor or a local factor. If you look at the global factor, the...
- RBI measures will take time to pay off : K Harihar, FirstRand BankEarlier when the market was looking at 58, we would probably look at slightly higher elevated level of 60-61 before the exporters decided t...
- RBI measures will be reversed once Re corrects to 57-58/$: K Harihar, FirstRand Bank"RBI would not probably tinker with either of the CRR or the repo, partly because initial measures are working," says K Harihar, FirstRand ...
- RBI is likely to pause in July review of monetary policy: K Harihar, FirstRand Bank Ltd" If you look at any currency and the rupee in particular, it moves based on both fundamentals as well as momentum."
- Manipal Group ties up with Durban University of Technology for cooperation in education & trainingManipal Group, with the assistance of FirstRand Bank, has signed a MoU with Durban University of Technology in South Africa.
- FirstRand Bank eyes break-even by next fiscal-endFirstRand Bank India is hopeful of reaching the break-even point in its commercial banking services in India by next fiscal.
- Rupee could breach 58-60 levels: K Harihar, FirstRand Bank"Irrespective of what the RBI might do, the lasting move will only come when exporters start selling forward dollars," K Harihar of FirstRa...
- RBI's move to up export credit refinance limit brilliant: FirstRand BankK Harihar, Treasurer, FirstRand Bank Ltd. in an interview with ET Now talks about the RBI's monetary policy review and the move to increase...
- FirstRand Bank India offers 7.25% interest on savings accountsFirstRand Bank India (FRB) has announced to offer an interest rate of 7.25 per cent on savings accounts, a bank release said.
- Rupee may test levels of 54/30: FirstRand BankWhen there is a trade deficit and capital flows do not cover the gap, rupee has to be obviously weaken. From that point of view, it might r...
- FirstRand bank enters into retail, commercial banking operations in IndiaFirstRand Bank today entered into retail and commercial banking operations in India with opening of a branch in the city.
- Rupee strengthening unlikely to be a continued trend: K Harihar, FirstRand BankK Harihar, Treasurer, FirstRand Bank, in an interview with ET Now gives his perspective on rupee. Excerpts:-
- There is a case of doing a 25 bps hike: K Harihar, FirstRand BankK Harihar, Treasurer, FirstRand Bank Ltd, in an interview with ET Now, speaks on whether or not the RBI is going to hike rates. Excerpts:
- Rupee to trade in range of 46.40 to 46.90: K HariharIn an interview to ET bureau, K Harihar, Treasurer, FirstRand Bank India, gives his views on the Euro and the impact any movement in the cu...
- Decoupling seems to be happening of rupeeIn an interview to ET bureau, K Harihar, Treasurer, FirstRand Bank India, gives his views on the Euro and the impact any movement in the cu...
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