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Bandhan Bank in talks with Ola to offer loans to drivers

Kolkata: Bandhan Bank on Tuesday said it is in talks with cab aggregator Ola (ANI Technologies Pvt. Ltd) to offer car loans to drivers who want to join the taxi-hailing services network.

The banks chairman-cum-managing director Chandra Sekhar Ghosh said it is in initial discussions with Ola for a tie-up to offer lending facilities for people looking at enrolling with the cab aggregator.

The bank has offered similar vehicle loans to individuals in West Bengal who have partnered with companies such as Uber Technologies Inc. These are individual customers, Ghosh said.

However, the interest on the loans will be slightly higher than the existing rates. Interest rate is not a concern. Customers want fast access to credit, he added.

Bandhan Bank expects its credit portfolio to rise to Rs.14,500 crore by the end of March from Rs.13,500 crore now. Micro loans, which have been Bandhans core business before it converted into a bank, still accounts for around 99% of its lending.

Ghosh expects 30-40% credit growth in the next fiscal.

The bank has introduced Visa International debit card facilities for customers with savings deposits of Rs.25,000 and above. The bank currently has a total of 8.2 million customers. In the past five months, it has opened 800,000 new accounts. That is expected to touch the one million-mark by the end of this fiscal. Bandhans deposits currently stood at Rs.7,500 crore.

Digital Lending Platform Capzest Gets Seed Funding Led by Lion Ventures

Capzest, a digital lending platform that has partnered with banks and NBFC’s, provides personal loans and business loans to small and medium enterprises. It was founded by Sayantan Sarkar and Rohan Adlakha, former IIT Kharagpur students, along with three others, set up the company after spending a few years working for financial institutions like Deutsche Bank and the Rothschild Group.

Capzest’s personal loans range from Rs. 50,000 to Rs. 2 lakhs, with an interest rate of 11.49% to 14%. Their business loans range from Rs. 25 lakhs or Rs.50 lakhs up to Rs. 5 crores, with an interest rate of 10-11%.

Launched during the first week of January, Capzest has partnered with six financial institutions including Reliance Capital and Essel Finance. The company claims that it has received over 1500 applications for personal loans and 150 application for SME loans.

With the fund raise, the company plans on launching new products like education loans for students interested in studying in both international and domestic institutions, personal vehicle loans and commercial loans. It will also focus on expanding its tech team and hiring people for marketing and operations.

Since the top end of the consumer pyramid is taken care of by banks and the bottom level of the pyramid is addressed by micro-finance institutions, it’s the consumers at the mid-level that are our targets, said Sayantan Sarkar.

The startup launched its app in February and it is expecting to see 60-70% of applications for personal loans via the app.

Faircent, another P2P lending platform, had already raised $4.5 million in three rounds, from investors like TV Mohandas Pai, M amp; S Partners etc. Other potent competitors include RupaiyaExchange, Lendbox, Cashkumar, i-lend and Easyrupaiya.

Investor’s Watch List: Itau Unibanco Holding SA (ADR) (ITUB), Alibaba Group …

Itau Unibanco Holding SA (ADR) (NYSE: ITUB) shows various financial productsservices and products to people and corporate customers in Brazil and worldwide. The business operates through Commercial Bank Retail, Consumer Credit Retail, and Wholesale Bank segments. The business allows need deposits, cost savings deposits, and time deposits; and offers charge card, individual loans, payroll loans, vehicle loans, and property home mortgage loans. It likewise supplies asset management, custody and bookkeeping, consortium, financial investment banking, and electronic payment implies services.

Analysts Set Santander Consumer USA Holdings Target Cost At $26.90 (NYSE: SC)

Santander Consumer U.S.A Holdings (NYSE: SC) opened at 17.62 on Thursday. The company has a market cap of $6.31 billion and a price-to-earnings ratio of 6.03. The companies 50-day moving typical rate is $19.18 and its 200 day moving average cost is $22.51. Santander Customer U.S.A Holdings has a 52-week low of $16.91 and a 52-week high of $26.83.

Santander Customer U.S.A Holdings (NYSE: SC) last issued its quarterly incomes outcomes on Thursday, October 29th. The business reported $0.62 EPS for the quarter, beating analysts consensus price quotes of $0.51 by $0.11. During the very same period in the previous year, the business posted $0.54 revenues per share. Generally, equities research experts anticipate that Santander Customer USA Holdings will post $2.79 EPS for the current year.

Santander Consumer U.S.A Holdings Inc. is a holding company. The Company is a specific customer finance business concentrated on automobile finance and unsecured consumer financing products. The Business offers numerous car funding productsservices and products to Chrysler consumers and dealers under the Chrysler Capital brand. These itemsservices and products consist of customer retail installation agreements and leases, in addition to dealership loans for inventory, building, actual estate, working capital and revolving lines of credit. The Business likewise comes from vehicle loans through a Web-based direct lending program, purchases vehicle retail installation agreements and services car and recreational and aquatic vehicle profiles for other lenders. Its products and services include car financing, and origination and servicing.

This story was originally published by MidSouth Newz (http://midsouthnewz.com) and is the sole rental property of MidSouth Newz. If you are reading this article on another site, that implies this post was unlawfully copied and re-published to this site in violation of United States and International copyright law. You can view the original variation of this story at http://midsouthnewz.com/analysts-set-santander-consumer-usa-holdings-target-price-at-26-90-nysesc/37125/

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Business Shares Of Santander Customer UNITED STATE Holdings Inc. (NYSE: SC) Rally 1.33 %

On a different note, The Company has divulged expert purchasing and selling activities to the Securities Exchange, The policeman (President COO, Originations), of Santander Customer U.s.a Holdings Inc., Grubb Jason W. had unloaded 30,274 shares at $22.48 per share in a transaction on August 31, 2015. The overall value of deal was $680,560. The Expert info was exposed by the Securities and Exchange Commission in a Kind 4 filing. Presently the company Insiders own 11.73 % of Santander Consumer UNITED STATE Holdings Inc. shares according to the proxy statements. In the past twelve weeks, the net percent modification held by company insiders has actually changed by -43.3 %. Institutional Investors own 32.48 % of Santander Consumer UNITED STATE Holdings Inc. shares. During last six month duration, the net percent change held by insiders has seen a modification of -43.3 %.

Santander Consumer UNITED STATE Holdings Inc. (NYSE: SC): 8 experts have set the brief term cost target of Santander Customer UNITED STATE Holdings Inc. (NYSE: SC) at $26.13. The conventional deviation of short term cost target has actually been estimated at $3.83, suggesting that the real rate might change by this value. The higher and the lower rate quotes are $ 30 and $21 respectively.

Santander Consumer UNITED STATE Holdings Inc. is a full-service, customer financing company focused on vehicle finance and unsecured customer lending products. The Company operates in Automobile Finance. The Business originates loans indirectly through manufacturer-franchised and chosen independent vehicle dealers, in addition to through relationships with nationwide and regional banks and Other Equipment Manufacturer (OEM). It directly originates and refinances automobile loans online. The Company has active relationships with over 14,000 dealers throughout the United States. In February 2013, the Company enteredbecame part of a ten-year contract with Chrysler wherein it comes from private-label loans and leases under the Chrysler Capital brand. Chrysler Capital brand became the preferred company for Chryslers customer loans and leases and dealer loans under terms of a ten-year Master Private Label Financing Arrangement (Chrysler Contract).

John Sutton An Insider In United Neighborhood Bancorp Inc (NASDAQ: UCBA), Obtained …

According to Zacks Investment Research study, United Community Bancorp is the holding business of United Community Bank, headquartered in Lawrenceburg, Indiana. The Business supplies numerous banking services and products to customers and businesses in southeastern Indiana. Its deposit items consist of checking accounts, NOW and cash market accounts, regular savings accounts, and certificatesdeposit slips. Its loaning profile makes up one-to four-family residential genuineproperty loans, multi-family genuine estate loans, nonresidential actual estate and land loans, design loans, commercial loans, and customer loans, such as house equity loans, lines of credit, loans secured by savings accounts or certification of deposits, brand-new farm and garden equipment loans, vehicle and leisure automobilerv loans, and secured and unsecured personal loans. United Neighborhood Bancorp is a subsidiary of United Community MHC, a federally chartered shared holding business. Get a free copy of the Zacks research report on United Community Bancorp Inc (UCBA)

Santander Consumer U.S.A Holdings Inc (NYSE: SC) Gets Consensus Score Of …

Santander Consumer U.S.A Holdings (NYSE: SC) opened at 17.64 on Thursday. Santander Customer UNITED STATE Holdings has a 1-year low of $16.91 and a 1-year high of $26.83. The stock has a market cap of $6.31 billion and a P/E ratio of 6.04. The firms 50-day moving average is $19.08 and its 200-day moving average is $22.44.

Santander Consumer USA Holdings (NYSE: SC) last announced its quarterly revenues outcomes on Thursday, October 29th. The business reported $0.62 profits per share for the quarter, beating experts agreement estimates of $0.51 by $0.11. Throughout the exact same quarter last year, the business made $0.54 revenues per share. On average, analysts forecast that Santander Consumer U.S.A Holdings will publish $2.79 EPS for the present year.

Santander Consumer U.S.A Holdings Inc. is a holding company. The Company is a customized consumer financing company concentrated on car financing and unsecured customer lending items. The Company provides numerous car financing productsservices and products to Chrysler consumers and dealers under the Chrysler Capital brand. These productsservices and products include customer retail installment agreements and leases, along with dealership loans for stock, design, real estate, working capital and revolving lines of credit. The Company also originates automobile loans through a Web-based direct lending program, purchases vehicle retail installation agreements and services car and recreational and marine car portfolios for other loan providers. Its itemsservices and products include automobile finance, and origination and servicing.

This story was originally published by WKRB News (http://www.wkrb13.com) and is the sole property of WKRB News. If you are reading this post on another website, that indicates this post was illegally copied and re-published to this website in infraction of United States and International copyright law. You can see the original version of this story at http://www.wkrb13.com/markets/928382/santander-consumer-usa-holdings-inc-nysesc-receives-consensus-rating-of-buy-from-analysts/

Receive News Ratings for Santander Customer UNITED STATE Holdings Inc Daily – Enter your e-mail address listed below to receive a concise day-to-day summary of the most currentthe current news and analysts scores for Santander Consumer USA Holdings Inc and related business with MarketBeat.coms RELEASE day-to-day email newsletter.

Moody’s: Efficiency Of Securitization Markets In Asia (ex-Japan) To Diverge …

Hong Kong, December 01, 2015– Moodys Investors Service says that the trends for delinquency rates
for structured assets in Asia (ex-Japan) will diverge in 2016,.
with China and Singapore normally revealing rises, while efficiency.
in India and Korea will display strength.

Chinas progressive financial stagnation will set off a slight rise.
in delinquencies from current low levels throughout a range of asset classes.
in the country, while this same slowdown will likewise weigh on performance.
in Singapore, says Jerome Cheng, a Moodys Elder.
Vice President.

By contrast, in India, delinquency rates will improve.
owing to a stronger economic environment, and efficiency will also.
stay strong in Korea, assisted by low unemployment and low interest.
rates, says Cheng.

At the very same time, the efficiency for new and existing covered.
bond programs in Singapore and Korea will be strong, includes.
Cheng.

Moodys conclusions were consisted of in a just-released report.
on securitization and covered bonds in Asia (ex-Japan), Securitization.
and Covered Bonds– Asia (Ex-Japan): 2016 Outlook–.
Delinquencies Up Slightly on China Downturn.

With Chinas economic performance, Moodys anticipates somewhat.
weak growth of 6.3 % in 2016, below 6.8 %.
in 2015. By contrast, Moodys forecasts that Indias.
GDP will grow by 7.5 %, up from 7 %. And.
Koreas economy will grow 2.5 %, similarmuch like 2015,.
while Singapore will grow 1.8 %.

With the Chinese market, Moodys says that auto loan ABS delinquency.
rates will enhance somewhat in 2016 from existing low levels, however.
the credit quality of customers will stay sound.

With the RMBS sector, credit quality and performance will stay strong.
in 2016 owing to the high quality of the underlying home mortgage loans,.
while delinquencies for collateralized loan obligations (CLOs) will increase.
The credit quality of the underlying loans in new CLOs provided in 2016.
will be even worse than existing CLOs, owing to the inclusion of more.
high-yield assets.

With the Indian market, Moodys thinks that the delinquency.
rates for the assets backing car ABS and RMBS will decline in 2016,.
owing to stronger domestic economic growth.

Lower oil prices will also be a positive for business automobile loans.
backing Indian auto ABS, while Indias low rate of interest environment.
will be positive for the efficiency of mortgagehome loan backing RMBS.

With the Korean market, Moodys anticipates that the efficiency.
of loans backing Korean charge card ABS will be strong in 2016,.
aided by low unemployment and low interest rates.

With the Singapore market, the efficiency of brand-new and existing possessions.
in CMBS will weaken somewhat in 2016 compared to 2015, owing.
to a more difficult financial environment and an oversupply of homes.
in some sectors.

On the positive side, the credit quality of both brand-new and existing.
CMBS will remain sound in 2016, owing to the low LTVs and high debt.
service coverage ratios (DSCRs) of the loans, and the quality of.
the sponsors.

On the covered bond market, brand-new and current Korean covered bonds.
will perform strongly in 2016, owing to the high and stable credit.
quality of issuers and the countrys sovereign stamina.
Korean banks with large home mortgage profiles might also establish new covered.
bond applications in 2016.

Likewise, new and existing Singapore covered bonds will carry out.
highly, owing to the high and stable credit quality of issuers.
and the countrys sovereign stamina. The countrys.
low joblessness rate will likewise support the credit quality of the cover.
pool.

Lastly, the Moodys report says that Asia (ex-Japan).
CLOs will remain to perform well in 2016, showing low business.
default rates in the region.

And while the default rate of the unrated corporate universe in China.
will go beyond that of publicly ranked entities, the profile characteristics.
and structural functions of these CLOs will support performance in 2016.

Subscribers can access the complete report at http://www.moodys.com/viewresearchdoc.aspx?docid=PBS_1008580.

NOTE TO JOURNALISTS ONLY: For more infoFor more details, please call.
among our global press details hotlines: New york city +1 -212 -553 -0376,.
London +44-20-7772-5456, Tokyo +813-5408-4110,.
Hong Kong +852-3758-1350, Sydney +61 -2 -9270 -8141,.
Mexico City 001-888-779-5833, Satilde; o Paulo.
0800-891-2518, or Buenos Aires 0800-666-3506.
You can likewise email us at mediarelations@moodys.com or visit our.
web site at www.moodys.com.

This publication does not reveal a credit rating action. For.
any credit scores referenced in this publication, kindly see the.
ratings tab on the issuer/entity page on www.moodys.com.
for the most upgraded credit score action information and rating history.

Jerome Cheng
Senior Vice President
Structured Financing Group
Moodys Investors Service Hong Kong Ltd.
24/F One Pacific Location
88 Queensway
Hong Kong
China (Hong Kong SAR.)
REPORTERS: (852) 3758 -1350
CUSTOMERS: -LRB-852-RRB- 3551-3077 Kei Kitayama MD-Asia-Pac Structured Fin Structured Financing Group REPORTERS: 813-5408-4110 CUSTOMERS: 813-5408-4100 Launching Office: Moodys Investors Service Hong Kong Ltd. 24/F One Pacific

Location 88 Queensway Hong Kong China (Hong Kong SAR.)JOURNALISTS: (852
)3758 -1350 CUSTOMERS:
-LRB-852-RRB- 3551-3077 Moodys: Efficiency of securitization markets in Asia (ex-Japan
)to diverge in 2016

Santander Customer U.S.A Holdings Cost Target Cut To $27.00 (SC)

Numerous other equities experts likewise just recently weighed in on the company. Zacks Financial investment Research study cut Santander Consumer UNITED STATE Holdings from a buy rating to a hold rating in a research report on Thursday, September 3rd. BMO Capital Markets reissued a buy score on shares of Santander Consumer U.S.A Holdings in a research report on Thursday, September 17th. Barclays raised their price objective on Santander Customer U.S.A Holdings from $30.00 to $32.00 and offered the company an overweight score in a research study report on Friday, July 31st. Deutsche Bank reissued a buy rating on shares of Santander Customer U.S.A Holdings in a research study note on Tuesday, October 6th. Finally, BTIG Research study declared a buy score on shares of Santander Customer USA Holdings in a research study note on Monday, July 27th. 5 experts have rated the stock with a hold score and eleven have actually given a buy rating to the company. The company presently has an agreement rating of Buy and a consensus target rate of $26.31.

In other news, COO Jason W. Grubb offered 30,274 shares of the stock in a deal dated Monday, August 31st. The stock was offeredcost a typical price of $22.48, for a total value of $680,559.52. Following the deal, the chief operating officer now directly owns 39,636 shares of the business stock, valued at $891,017.28. The sale was revealed in a filing with the Securities amp; Exchange Commission, which can be accessed through the SEC website.

Santander Customer UNITED STATE Holdings Inc. is a holding business. The Firm is a customized consumer finance company concentrated on unsecured customer lending items and vehicle funding. The Company offers various automobile financing products and services under the Chrysler Capital brand to Chrysler customers and dealers. These itemsservices and products consist of customer retail installation agreements and leases, in addition to dealer loans for inventory, structure, building, working capital and revolving lines of credit. The BusinessBusiness also comes from automobile loans through a Web-based purchases services car and car retail installation contracts, direct loaning application and aquatic and recreational car portfolios for other loan providers. Its services and productsproduct and services make up automobile financing, and origination and maintenance.

This story was initially released by Dakota Financial News (http://www.dakotafinancialnews.com) and is the sole home of Dakota Financial News. If you read this article on another site, that means this short article was unlawfully copied and re-published to this site in infraction of US and International copyright law. You can see the original version of this story at http://www.dakotafinancialnews.com/santander-consumer-usa-holdings-price-target-cut-to-27-00-sc/672930/

Discover Why Gendell Jeffrey L Et Al Simply Acquired People Neighborhood Bancorp …

The stock reduced 0.11 % or $0.01 on November 30, striking $9.29. About 705 shares traded hands. People Community Bancorp Inc. (NASDAQ: CZWI) has actually increased 2.09 % given that April 28, 2015 and is uptrending. It has surpassed by 3.71 % the SP500.

More noteworthy recent People Neighborhood Bancorp Inc. (NASDAQ: CZWI) news were published by: Money.Cnn.com which launched: Citizens Neighborhood Bancorp, Inc. Reports Fiscal Fourth Quarter, Twelve Month on November 03, 2015, likewise Globenewswire.com with their post: Glacier Bancorp, Inc. Proclaims Quarterly Dividend published on November 24, 2015, Crainsdetroit.com published: Bank executives see potential rate of interest hike as long overdue on November 22, 2015. More intriguing news about Citizens Community Bancorp Inc. (NASDAQ: CZWI) were launched by: Globenewswire.com and their short article: Glacier Bancorp, Inc. Announces Acquisition of Canon Bank Corporation in Canon published on July 31, 2015 in addition to Bloomberg.coms news post titled: BBVA Purchases Stake in British Online Bank Atom for $68 Million with publication date: November 24, 2015.

According to Zacks Investment Research, People Neighborhood Bancorp, Inc. runs as the holding business for Citizens Neighborhood Federal that provides different financial services. It is engaged in the companybusiness of attracting deposits from the basic public and investing those deposits in household and customer loans. It provides numerous deposit items, consisting of checking accounts, cost savings accounts, need accounts, certificationsdeposit slips, and cash market account. The companys actualrealty loans include one-to four-family very first mortgages, second home mortgages and house equity credit lines, and multi-family and business; and consumer loans consist of new and used auto, bike, boat, and recreational vehiclerv loans. It likewise supplies loans secured by savings deposits; and unsecured loans. Based in Eau Claire, Wisconsin, the company operates full-service banking offices in Wisconsin, Minnesota and Michigan. Get a complimentary copy of the Zacks research study report on People Community Bancorp Inc. (CZWI)