Banking & Savings

Demonetisation helped formalise savings: Study

Demonetisation may not have lead to a windfall for the government in monetary terms, but it has positively changed the way Indians save and use their excess fund, a staff study by the Reserve Bank of India (RBI) reveals.  “An important positive impact of demonetisation has been to induce a shift towards formal channels of saving by households,” ...

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Credit Agricole Sa (NASDAQ:CRARY) Upgraded to Buy at Zacks Investment Research

Credit Agricole Sa (NASDAQ:CRARY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Thursday. The firm presently has a $10.00 price objective on the financial services provider’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 12.80% from the company’s current price. According to Zacks, “Credit ...

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Demonetisation Spurred Investments In Mutual Funds And Insurance Plans, Suggests RBI Study

Premium collected by life insurance companies more than doubled in November when demonetisation was announced. The study noted that most of these were single-premium policies where the amount is paid in lump sum rather than periodically. The total life insurance premia collected between November and June was 46.3 percent higher than the year-ago period at Rs 42,210 crore. The study ...

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Zacks Investment Research Lowers BofI Holding, Inc. (BOFI) to Sell

BofI Holding, Inc. (NASDAQ:BOFI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Monday, July 31st. According to Zacks, “Bofi Holding is the holding company for Bank of Internet USA, a consumer-focused, nationwide savings bank operating primarily through the Internet from a single location in San Diego, California. They provide ...

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Amalgamated Bank Buys 24 Shares of Capitol Federal Financial, Inc. (NASDAQ:CFFN)

Amalgamated Bank increased its position in shares of Capitol Federal Financial, Inc. (NASDAQ:CFFN) by 0.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,028 shares of the savings and loans company’s stock after buying an additional 24 shares during the period. Amalgamated Bank’s holdings in Capitol Federal ...

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Capitol Federal Financial, Inc. (CFFN) Shares Bought by Amalgamated Bank

Amalgamated Bank increased its position in shares of Capitol Federal Financial, Inc. (NASDAQ:CFFN) by 0.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,028 shares of the savings and loans company’s stock after buying an additional 24 shares during the period. Amalgamated Bank’s holdings in Capitol Federal ...

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Will the RBI’s rate cut have the desired effects?

By Dr. Rudra Sensarma Last week, the Reserve Bank of India (RBI) cited decline in inflation, weakening economic activity (particularly in manufacturing) and dampening business sentiments to reduce the policy repo rate by 25 basis points. The macroeconomic grounds for this policy change have been explained by the RBI and discussed at length by several commentators, but from now on ...

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Flagstar Bancorp Inc (NYSE:FBC) Stock Rating Lowered by Zacks Investment Research

Flagstar Bancorp Inc (NYSE:FBC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Tuesday, July 11th. According to Zacks, “Flagstar Bancorp, Inc. is the holding company for Flagstar Bank, FSB, a federally chartered stock savings bank. Through its retail banking centers and e-commerce distribution channels, Flagstar attracts deposits from the ...

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Norway Savings Bank Raises Position in The Charles Schwab Corporation (SCHW)

Norway Savings Bank raised its position in The Charles Schwab Corporation (NYSE:SCHW) by 0.7% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 9,583 shares of the financial services provider’s stock after buying an additional 63 shares during the period. Norway Savings Bank’s holdings in The Charles Schwab Corporation were worth $412,000 at ...

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Critical Survey: Northfield Bancorp (NFBK) & Beneficial Bancorp (NASDAQ:BNCL)

Beneficial Bancorp (NASDAQ: BNCL) and Northfield Bancorp (NASDAQ:NFBK) are both small-cap finance companies, but which is the superior business? We will compare the two companies based on the strength of their analyst recommendations, risk, profitability, dividends, valuation, institutional ownership and earnings. Profitability This table compares Beneficial Bancorp and Northfield Bancorp’s net margins, return on equity and return on assets. Net ...

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