As the results for the Oct-Dec quarter are unveiled, insights from management commentaries across various sectors provide valuable indicators of the Indian economy’s health. Businesses serve as the backbone of the economy, and their performance reflects the overall economic landscape. By examining key sectors and their respective performances, we aim to share a comprehensive overview … Read more
When a major bank prepared to shut its doors in the South Australian coastal town of Kingston, it wrote an email to the council addressed to Mr Bean. But there was no Mr Bean to be found at the council chambers, which sits right next to the BankSA branch. “We certainly have no Mr Bean … Read more
The regional banking crisis is having unexpected consequences, with a Coles in Western Australia now having to pause cash-out in its store due to excessive demand. The Coles in Kununurra has experienced an increase in demand for in-store cash-out services following the closure of some bank branches in town. Coles says this is a temporary … Read more
India has been the fastest-growing major economy for the third successive year. Despite global headwinds, including geo-political realignment, India’s economy would continue its strong and resilient growth of 6.7% in FY 2024 and 6.2% in FY 2025. The first Advance Estimates of National Income 2023-24 placed macro-economic growth at 7.3% in FY 24 vis-a-vis 7.2% … Read more
Three more Commonwealth Bank branches across Australia are set to close next month. The branches in well-populated areas of Coogee in NSW, Coolangatta in Queensland, and Adelaide’s Rundle Mall in South Australia, will be shuttered by March 1, according to the bank. Commonwealth Bank called the permanent closures a “difficult decision” based on progressive declines … Read more
When a “peckish” Perth man popped into a petrol station for a bottle of water and a chicken and vegetable pie, he was handed $9 in change, but quickly noticed it was worth much more. The $2 coin in the palm of Joel Kandiah’s hand, which can fetch up to $110, was enough to stop … Read more
NAB is set to continue closing down its branches across the country, with 13 on the chopping block this year. The branch said the decision was “difficult” but that it was made due to changing customer banking habits. “With more customers choosing to bank online, over the phone, or by video, and because fewer customers … Read more
Major Australian bank Bankwest has announced it will be closing more branches in response to changing customer needs as use of digital banking services grows. The bank, which serves over a million customers across Australia, will be closing two branches — in Maddington in Perth’s southeast and Kununurra near the WA-NT border. The bank previously … Read more
A Tasmanian couple has been saved from an online investment scam by their bank teller, who refused to allow the couple to transfer $40,000 from their account. The request immediately set off alarm bells for Erin Bugg, a customer adviser at NAB Bank. The couple told her they had tried to transfer $40,000 — the … Read more
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