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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...
- 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.
- 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.
- 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 ...
- 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...
- 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:
- 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...
- Heard on the Street: Strategic stake sale buzz boosts JM FinancialTraders appear to be convinced that JM Financial will eventually offer stake to a strategic investor, even though the company has persisten...
- 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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