Industry News

First Hawaiian Business Activity Report in 2010, according to the data scheduled for release today. The only larger percentage gain was in the fourth quarter of 2012 when sales jumped 11.3..."/>
Credit card sales remain at record highs [The Honolulu Star-Advertiser]
PNC beats forecast, stock climbs [Erie Times-News, Pa.]
Daily Mail, London, market report column [Daily Mail, London]
Daily Mail, London, business briefs column [Daily Mail, London]
PNC Financial Services Group Inc. on Friday announced third-quarter 2016 net income of $1 billion compared with net income of $989 million in the second quarter of 2016 and $1.1 billion for the third quarter of 2015.. The Pittsburgh-based bank's revenue increased by $35 million from the second quarter to $3.8 billion. Loans grew $1.4 billion, or 1 percent, to $210.4 billion quarter to quarter."/>
PNC reported net income of $1 billion in third quarter [Vindicator, Youngstown, Ohio]
KBank posts net profit jump [Bangkok Post, Thailand]
Fetco calls for trading probe [Bangkok Post, Thailand]
For the welfare of his people [Bangkok Post, Thailand]
Yellen: Fed may delay rate hike [Boston Herald]
State Bank of India Ltd will divest up to 5% of its stake in its life insurance subsidiary SBI Life Insurance Co. Ltd, the lender said in a filing to stock exchanges on Friday. "The Executive Committee of the Central Board at its meeting held on 14 October, 2016, has approved to dilute up to 5% stake of SBI in SBI Life to a non-promoter," the lender said in the filing. SBI Life is a joint venture between State Bank of India and BNP Paribas Cardiff."/>
SBI to divest up to 5% in SBI Life [Mint, New Delhi]
Infosys Ltd to become the fifth most valuable company in India by market capitalization. Data from BSE showed that ONGC had a market capitalization of Rs2.37 trillion, after its shares advanced 1.65% at the close of Friday's trading. In the last three months, ONGC shares have gained over 19.72%."/>
Market capitalization: Infosys loses fifth spot to ONGC [Mint, New Delhi]
ICICI Bank Ltd's Rs2-trillion retail finance business, has resigned to become an entrepreneur. He will be succeeded by Anup Bagchi, who currently heads the bank's broking and investment banking unit--ICICI Securities Ltd, ICICI Bank said in a stock exchange notice. Sabharwal will leave the bank on 31 January."/>
ICICI Bank's head of retail finance unit Rajiv Sabharwal resigns [Mint, New Delhi]
ICICI Bank having successfully executed its first two transactions using blockchain technology, other Indian private sector banks are also gradually warming up to the concept. Two private sector lenders, Axis Bank Ltd and Kotak Mahindra Bank Ltd, are conducting pilot transactions. They are experimenting in various business segments, to establish whether there is a business model for blockchain in India."/>
Axis, Kotak Mahindra banks test blockchain transactions [Mint, New Delhi]

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