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The sale process will start within a couple of weeks, they added, declining to be named as they were not authorised to speak to media. The move comes after Citi said it would exit from its consumer franchises in 13 markets, 10 of which are in Asia, as it refocuses on its more lucrative institutional and wealth management businesses in these markets. Potential bids from the regional banks and StanChart, which makes most of its profit in Asia, underscores their growing appetite for businesses like credit cards and mortgages in a push to lock in long-term income growth. Citi has plans to reposition its Asian consumer banking business from its "wealth centres" of Hong Kong and Singapore. As Citi is not giving up its banking licences in most of the markets it is exiting, the sale of the consumer banking portfolios and branches will only appeal to lenders with existing presence in these countries, the people said. Citi's sprawling India consumer business, comprising retail deposits, mortgages and credit cards, and its Taiwan business would be among the most valuable parts of its Asian consumer portfolio, the sources said. Citi has been in India for decades and was among the first to introduce Indians to credit cards in Swot Analysis Of Kotak Mahindra Bank.

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Indian share markets nosedived and registered sharp losses in yesterday's volatile session following a strong second wave of Covid in the country and announcement of stricter lockdowns, hampering the economic recovery. At the closing bell yesterday, the BSE Sensex stood lower by points down 1.

Swot Analysis Of Kotak Mahindra Bank

Meanwhile, the NSE Nifty ended down by points down 1. Dr Reddy's Lab and Infosys were among the top gainers. IndusInd Bank and Power Grid, on the other hand, were among the top losers.

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On the sectoral front, capital goods stocks, banking stocks and realty stocks were among the hardest hit. At am today, the SGX Nifty was trading please click for source by 60 points, Koyak 0. Indian share markets are headed link a firm opening today following the positive trend on SGX Mahindga.

Gold prices for the latest contract on MCX were trading up by 0. In the video, Brijesh also talks about the Financial Swot Analysis Of Kotak Mahindra Bank index. The Financial Services Index has been underperforming Nifty for last couple of months, but Brijesh believes it is at an excellent bargain buying levels. India reported 2. The Union Health Ministry said that the daily coronavirus positivity rate in India has doubled to Lockdown Fears: One of the key reasons behind yesterday's stock market weakness was the strict lockdown-like restrictions imposed in Maharashtra, home to financial hub which contributes While strict lockdown-like restrictions have been imposed in Maharashtra, experts have called for a day self-imposed lockdown in Gujarat.

The Rajasthan government has ordered the closure of offices and markets from Monday Swot Analysis Of Kotak Mahindra Bank May 3. Lockdown was also announced in Delhi. Announcing a six-day lockdown in Delhi from 10 pm tonight to 5 am next Monday, Chief Minister Arvind Kejriwal said the move was necessary as rising Covid cases had severely strained the city's resources and its health system was at a tipping point. Earnings Growth Concerns: The second wave of Covid in India has cast a cloud over economic growth and earnings outlook going ahead, worrying investors.

The trend was visible in shares of IT companies, which kicked off the earnings seasons last week. Mahiindra shares of IT firms fared poorly on bourses yesterday after the Q4 performance. TCS and Infosys ' performance fell short of market expectations.

But we did beat the first wave, and surely we will beat this one too! There is a reason why India is poised to be a global superpower soon.

Swot Analysis Of Kotak Mahindra Bank

The growth story of India has spanned over the past decades and is only getting stronger. And many more While Nomura has downgraded projections of economic growth for the fiscal year ending March to Profit Booking: Apart from the above, losses were also seen as share market succumbed to profit-booking after a steady rise witnessed for the stock markets lately. We will keep you updated on how these factors develop in the coming days and Swot Analysis Of Kotak Mahindra Bank effect they have on Indian stock markets. Stay tuned!

Macrotech Developers share price made a weak debut yesterday, as the scrip got listed at Rs per share on BSE, a 9. According to a leading financial daily, the ongoing spike in Covid cases and the recent decision by the Maharashtra government to discontinue a stamp duty waiver on property registrations hurt Macrotech's listing prospects. Demand from qualified institutional buyers QIB and non-institutional investors helped the maiden offer subscribe 1.]

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