Year: 2020

Opportunities in the Indian Personal Loan Market by Source, Tenure, Purpose, Interest Rate and Competition to 2025 – ResearchAndMarkets.com – Press Release

DUBLIN–(Business Wire)–The “India Personal Loan Market by Source (Bank & Non-Banking Financial Company (NBFC)), by Tenure (Less than 1 Year; 2-3 Year; & 4-5 Years), by Purpose (Home Improvement; Wedding; Travel; & Others), by Interest Rate (10%-15% & 16%-20%), Competition, Forecast & Opportunities, 2025” report has been added to ResearchAndMarkets.com’s offering.

The Indian Personal Loan Market is expected to grow at a formidable rate of around 10% during the forecast period. The increasing gap income and expenditure coupled with rising aspirations, especially among the young population, are the key factors driving the Indian Personal Loan Market. Additionally, the size of personal loans is much smaller and easy to access which is further propelling the market. Furthermore, digitisation has resulted in lowering costs, which is anticipated to positively influence the market in the coming years.

The Indian Personal Loan Market is segmented based on source, tenure, purpose, interest rate, company and

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Selective Insurance Group: Q2 Earnings Insights

Shares of Selective Insurance Group (NASDAQ:SIGI) rose 2.36% in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were down 65.52% over the past year to $0.40, which beat the estimate of $0.33.

Revenue of $724,800,000 rose by 3.34% from the same period last year, which beat the estimate of $675,030,000.

Guidance

Selective Insurance Group hasn’t issued any earnings guidance for the time being.

View more earnings on SIGI

Selective Insurance Group hasn’t issued any revenue guidance for the time being.

Price Action

Company’s 52-week high was at $81.35

Company’s 52-week low was at $37.05

Price action over last quarter: Up 28.70%

Company Description

Selective Insurance Group Inc is a regional property-casualty insurer based in New Jersey, with most of its operations focused in the New York metropolitan area. Since 1977, Selective has focused its sales efforts primarily on small businesses, offering commercial products that include

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BOJ won’t rule out deeper negative rates to combat pandemic hit: deputy governor Amamiya

By Leika Kihara



a man wearing a suit and tie: Bank of Japan Deputy Governor Masayoshi Amamiya speaks during a Reuters Newsmaker event in Tokyo


© Reuters/ISSEI KATO
Bank of Japan Deputy Governor Masayoshi Amamiya speaks during a Reuters Newsmaker event in Tokyo

TOKYO (Reuters) – Bank of Japan Deputy Governor Masayoshi Amamiya said the central bank will not rule out deepening negative interest rates as part of efforts to cushion the economic blow from the coronavirus pandemic.

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But he said the BOJ must be vigilant to the cost of any such steps, warning that excessively low rates could hurt financial institutions’ profits and discourage them from lending.

“When considering additional easing steps, we must be mindful than ever before of their potential side-effects,” Amamiya told a news conference on Wednesday.

“Having said that, we have various options available including deeper negative rates,” he added. “We won’t rule out the chance of taking rates deeper into minus territory.”

Despite years of heavy money printing, central banks in Japan, the United

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Royalty Tax & Financial services helps minorities across America obtain business and home ownership through financial understanding

Ohio-based company is now accepting clients nationwide

July 30, 2020 – Cleveland, OH – Purchasing a home is one of the biggest steps a person will take in their lifetime. Although many minority Americans aim to own their own home, they are ultimately unable to purchase their dream house due to poor credit. Royalty Tax & financial services, a Cleveland-based company focused on repairing credit for clients from minority groups, aims to help individuals understand their credit and become financially literate. By gaining more knowledge on one’s credit, a person can achieve their dream of owning their own business or home.

Royalty Tax & financial services is now accepting clients across the United States. The company helps people take control of their finances thanks to its highly trained staff that help individuals manage their debt, tax issues and finances. All services provided to clients are specific to each situation and

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Off-Line LED Drivers Market Current Trends, Business Opportunities and Industry Outlook 2020 to 2026

The MarketWatch News Department was not involved in the creation of this content.

Jul 28, 2020 (Market Insight Reports) —
Global Off-Line LED Drivers Market Size, Status and Forecast 2026

Global Off-Line LED Drivers Market Research Report 2020 begins with an overview of the Market and offers throughout development. It presents a comprehensive analysis of all the regional and major player segments that give closer insights upon present market conditions and future market opportunities along with drivers, trending segments, consumer behavior, pricing factors, and market performance and estimation. The forecast market information, SWOT analysis, Off-Line LED Drivers market scenario, and feasibility study are the vital aspects analyzed in this report.

Inquire for Sample Copy of this Report:

https://www.marketinsightsreports.com/reports/07092138884/global-off-line-led-drivers-market-insights-and-forecast-to-2026/inquiry?Mode=70

Top Key Players in the Global Off-Line LED Drivers Market are: Texas Instruments, NS, Mcroblock, Maxim, AnalogicTech, Linear, NXP, Infineon, Toshiba, Onsemi

This report segments the global Off-Line LED Drivers market on

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NatWest Adds $2.8 Billion Provision for Pandemic Loan Losses

(Bloomberg) — NatWest Group Plc joined its rivals in painting a grim picture of the coronavirus-stricken U.K. economy, taking a further 2.1 billion-pound ($2.8 billion) charge to cover soured loans and prepare for a severe recession.

Britain’s biggest corporate lender set aside double what analysts expected, and said impairments would be between 3.5 billion pounds and 4.5 billion pounds this year. It’s also bracing for a downturn as steep as 16.9%.

“Our performance in the first half of the year has been significantly impacted by the challenges and uncertainty our economy continues to face as a result of Covid-19,” Alison Rose, boss of the bank formerly known as Royal Bank of Scotland Group Plc, said on Friday.

Barclays Plc and Lloyds Banking Group Plc took similar charges earlier this week. Together, the three lenders have now set aside more than 10 billion pounds to cover failing loans amid the pandemic.

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Genworth Mortgage Insurance reports $90m first-half loss on big writedown

Genworth Mortgage Insurance has suffered a $90 million loss in the first half after taking a $181.8m pre-tax writedown on the acquisition of new mortgage contracts in the first quarter due to the impacts of COVID-19.

Genworth made an $88.1m profit last year.

The company has also set aside $35.5m in loss reserving, due to the novel coronavirus.

“We responded quickly to the pandemic and have adapted our ways of operating in a manner that prioritises the well-being of our people and supports our lender customers and their borrowers in these challenging times,” Genworth chief executive and managing director Pauline Blight-Johnston said.

Genworth said its delinquency rate increased two basis points to 0.62 per cent during the half-year, with new delinquencies down 9.6 per cent to 4988 as loan repayment deferrals and legal moratoriums slowed customer loss management processes.

Genworth said it had $800m of excess loss reinsurance cover from

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Euro zone economy not yet out of danger from coronavirus: ECB’s Panetta

BERLIN (Reuters) – The danger to the euro zone economy from the coronavirus pandemic is not yet over, European Central Bank board member Fabio Panetta told La Repubblica, adding that he saw no need to make any tweaks to the bank’s massive asset purchase programme.



a man wearing a suit and tie: Mario Draghi receives the Order of Merit of the Federal Republic of Germany in Berlin


© Reuters/ANNEGRET HILSE
Mario Draghi receives the Order of Merit of the Federal Republic of Germany in Berlin

Tackling the biggest economic collapse in living memory, the ECB is buying debt through a 1.35 trillion euro ($1.58 trillion) Pandemic Emergency Purchase Programme (PEPP) and paying banks to lend out its cash as it tries to protect the bloc’s economy from the coronavirus fallout.

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“It’s too soon to declare victory,” Panetta said in the interview circulated by the ECB on Monday, adding that the euro zone economy was likely to see a bigger contraction in the second quarter than in the first three months

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Banking Software Market 2020 Global Trend, Segmentation and Opportunities Forecast To 2026

“Banking Software Market 2020-2026”

New Study Reports “Banking Software Market 2020 Global Market Opportunities, Challenges, Strategies and Forecasts 2026” has been Added on WiseGuyReports.

Banking Software Market 2020-2026

New Study Reports “Banking Software Market 2020 Global Market Opportunities, Challenges, Strategies and Forecasts 2026” has been Added on WiseGuyReports.

Introduction/Report Summary:

This report provides in depth study of “Banking Software Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Banking Software Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.

Drivers and Constraints

The fundamental dynamics that are explored in the report hold substantial influence over the Banking Software market. The report further studies on the value, volume trends,

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US STOCKS-Wall St adds to gains after Fed vows more support to U.S. economy

(For a live blog on the U.S. stock market, click or type LIVE/ in a news window)

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* Fed leaves rates unchanged, promised more support

* Starbucks sees business ‘steadily recovering’, shares up

* Boeing falls after bigger-than-expected loss

* Advanced Micro Devices surges after revenue forecast raise

* Indexes up: Dow 0.4%, S&P 1.02%, Nasdaq 1.2% (New throughout, updates prices, market activity and comments to late afternoon; new byline, adds NEW YORK dateline)

By Sinéad Carew

New York, July 29 (Reuters) – U.S. stocks added to gains on Wednesday after the U.S. Federal Reserve repeated a pledge to use its “full range of tools” to support the economy for as long as it takes to recover from fallout of the pandemic.

At the end of its two-day policy meeting the Fed said it maintained its interest rate target range until it is confident the economy has weathered

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