“IndusInd Bank may enter credit cards, personal loans (Business Standard India)” plus 2 more

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• IndusInd Bank may enter credit cards, personal loans (Business Standard India)
• Research and Markets: Targeting Gen Y for Personal Loans in Australia Examines the Behaviours of Gen Y in the Personal ... (Business Wire via Yahoo! Finance)
• Research and Markets: Australian Annual Personal Lending Market Outlook - Market Opportunities, Trends & Forecasts (Business Wire via Yahoo! Finance)

IndusInd Bank may enter credit cards, personal loans (Business Standard India) Posted: 17 Feb 2010 10:41 AM PST Message from fivefilters.org: If you can, please donate to the full-text RSS service so we can continue developing it. '; }else{ document.getElementById("divChart").innerHTML=""; document.getElementById("divChart").innerHTML=''; } document.getElementById(active_i).style.display = ""; } "We see good potential in these segments and are considering introducing these products in 2010-11," said SV Parthasarthy, head of consumer finance at the private sector bank. The lender used to offer personal loans till 2005-06 but stopped due to high delinquencies. Due to the slowdown, most banks were left with large bad loans in credit card and personal loan segments. To keep delinquencies in check, bankers have adopted a strategy of targeting customers who already have a relationship with the bank. IndusInd plans to follow the same path. "We are looking to tap our existing customer base," said Parthasarthy. "A lot of mistakes have been made but there will possibly be a time when banks are bullish on this segment again. Banks have improved their customer screening processes and with the advent of CIBIL (credit information bureau), they now have more information on potential customers," he added. According to IndusInd Bank Managing Director and CEO Romesh Sobti, the lender plans to expand its retail loan book by 20 per cent in the current financial year. These account for 40 per cent of the bank's Rs 19,090-crore loan book. IndusInd Bank is a significant player in the vehicle loans space. Loans for commercial vehicles account for 19 per cent of its loan book while other vehicle loans account for about 13 per cent. Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction.

Research and Markets: Targeting Gen Y for Personal Loans in Australia Examines the Behaviours of Gen Y in the Personal ... (Business Wire via Yahoo! Finance) Posted: 16 Feb 2010 05:43 AM PST Message from fivefilters.org: If you can, please donate to the full-text RSS service so we can continue developing it. DUBLIN--(BUSINESS WIRE)--Research and Markets(http://www.researchandmarkets.com/research/0629b5/targeting_gen_y_fo) has announced the addition of the "Targeting Gen Y for Personal Loans" report to their offering. RFI has produced a series of reports which focus on Generation Y (Gen Y) and their characteristics throughout different areas of retail banking. This report examines the behaviours of Gen Y in the personal lending arena, using the results from a survey of 2000 respondents. Areas examined include how Gen Y borrowers research their personal loans, how a lender is chosen, reasons for paying out early and satisfaction, as well as the alternatives to personal loans which are considered. Scope and methodology The report uses data from a July 2009 survey of current and prospective personal loan holders conducted by RFI. This survey: Is nationally representative Contains the responses of 1,000 current and 1,000 prospective personal loan customers Addresses a range of issues regarding personal loans, including loan characteristics, research channels, the application process, choice of lender, paying out early and loan satisfaction Highlights There are a number of important features which differentiate Gen Y borrowers from the average borrower, with differences evident in terms of demographics, loan purpose, application and research channels and the choice of lender. The use of lender and application channels showed a strong differentiation between Gen Y and the average, with Gen Y borrowers much more likely to have used CBA, ANZ and Bankwest compared to the average, while also expressing preference for the internet channel. Gen Y respondents were also much more likely than average to have considered and applied with multiple lenders. Gen Y respondents were more likely to be considering a loan from friends or family as an alternative to a personal loan, while Credit cards were also a more commonly considered alternative. Because of the tendency of Gen Y to use recommendations and also use social networking websites such as Facebook or Twitter, viral marketing presents itself as an important tool for lenders. Reasons to read this report Gain insight into the personal loan characteristics of Gen Y, including their intentions for paying out early, consideration of personal loan alternatives and satisfaction To learn of preferred application and research channels for Gen Y personal loan customers, as well as the reasons behind choosing a lender Country covered: Australia Key Topics Covered: Introduction Consumer Sentiment Respondents with a loan Loan characteristics Researching a loan Application channel usage Choosing a lender Paying out early Satisfaction with personal loans Those planning to take out a loan Alternatives to personal loans Researching a personal loan The application process Conclusion For more information visit http://www.researchandmarkets.com/research/0629b5/targeting_gen_y_fo Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction.

Research and Markets: Australian Annual Personal Lending Market Outlook - Market Opportunities, Trends & Forecasts (Business Wire via Yahoo! Finance) Posted: 17 Feb 2010 01:33 AM PST Message from fivefilters.org: If you can, please donate to the full-text RSS service so we can continue developing it. DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/e21efa/annual_personal_le) has announced the addition of the "Annual Personal Lending Market Outlook - Market Opportunities, Trends & Forecasts" report to their offering. The state of the economy has a strong bearing on the level and direction of lending growth. The demand for loans is directly related to consumer demand, which itself is related to wages, employment and economic growth. Hence in order to accurately evaluate the state and prospects of the consumer lending market a firm grasp of the state of the economy is essential. This report seeks to assess the personal lending market over the last few years and to forecast the market to 2013 in light of economic and market conditions. Key Topics Covered: Highlights The Australian Economy Developments in personal lending The state of the market Consumer Demographics Chapter 1: Economic Developments Economic Outlook State of the Economy Source: ABS Inflation Consumer Sentiment Chapter 2: Developments in personal lending Credit aggregates The Housing Sector The Credit Card Sector Lending Commitments Lending Sectors Chapter 3: State Based Analysis Motor Vehicles Debt Consolidation Refinancing Summary of trends Chapter 4: State of the market Banks vs. Non-banks Market Shares Lending Portfolio Lending to Households Chapter 5: Consumer Demographics Income breakdown Age breakdown Chapter 6: Economic Forecasting Economic Growth Forecast 2009- 2010 Data Source: ANZ Cash Rate Target Personal Lending Forecast 2009-2012 For more information visit http://www.researchandmarkets.com/research/e21efa/annual_personal_le Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction.

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