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FIRSTRAND BANK INDIA
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...- India's rate cut cycle is over, for now, say expertsThe predominant view of the market is that if the economy recovers faster than what was projected earlier, then RBI may not tinker with rat...
- Rupee surges 57 paise against dollar, reclaims 67 levelThe 1.82 per cent fall in crude prices in Asian trade buoyed forex market sentiment.
- Centrum Group to buy micro finance business of FirstRand Bank IndiaIn January this year, a group of private equity investors led by New York Life-backed Jacob Ballas has agreed to invest $50 million in Cent...
- 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...
- Top three reasons why rupee is gaining strength against USDMost Asian currencies have been climbed against the US dollar, as traders bet the Fed might not raise interest rates in 2015.
- Banks’ holding in government bonds slip as foreign investors triple shareThe share of commercial banks in government bonds has dipped to 42.77 per cent in December 2014 from 44.73 per cent a year earlier.
- As banks trip up on base rate, bond markets may tap the gold fingerBase rate, a concept that the central bank introduced in 2010, may be on its way to becoming irrelevant.
- Rupee dropped to two month low against US dollarIndian rupee dropped to two and a half month low against the US dollar mirroring weakness in other emerging market currencies against the g...
- 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.
- 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.
- 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 could breach 54.30 levels: K Harihar, Treasurer, FirstRand BankIn an interview with ET Now, K Harihar, Treasurer at FirstRand Bank, shares his outlook on the rupee. Excerpts:
- 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.
- 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:
- Bond yield at 2-year high as IPO sales drain fundsTen-year bonds fell, pushing yields to the highest level in two years, on speculation share sales in state-owned companies will squeeze cas...
- 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...
- Lizer in expansion mode, to double capacityCNG and industrial cylinders manufacturer, Lizer Cylinders Ltd, a recent entrant in the market, plans to double its installed capacity to f...
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