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John Grant, Vietnam War veteran and journalist from Thiscantbehappening.net, says concerns in Wisconsin are growing about massive amount of money being pumped into the state’s recall election by the Republican wing that “may influence a lot of people ...Emerging Opportunities in the Indian Consumer Finance Industry: Market Size, Strategies, Products and Competitive Landscape - Yahoo Finance
NEW YORK, June 5, 2012 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:
http://www.reportlinker.com/p0874112/Emerging-Opportunities-in-the-Indian-Consumer-Finance-Industry-Market-Size-Strategies-Products-and-Competitive-Landscape.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Credit_an
Synopsis
The report provides detailed market analysis, information and insights into the Indian consumer finance market, including:
• Current and forecast values for the Indian consumer finance market
• Comprehensive analysis of the industry's market attractiveness and key trends and drivers supporting the growth of the consumer finance market in India
• Detailed analysis of the marketing strategies adopted by banks in India for selling consumer loans
• Detailed analysis of the challenges affecting the Indian consumer finance market
• Company profiles of the major banks in the Indian consumer finance market
Summary
The Indian consumer finance market recorded a compound annual growth rate (CAGR) of 16.4% during the review period (2007–2011). It is projected to retain a high CAGR of 14.55% over the forecast period (2012–2016). The strong growth will be driven by the country's improving macro- and micro-economic fundamentals, and by the increasing domestic demand for consumer finance services. India's rising employment levels are expected to generate more demand for consumer finance in the country. The unemployment rate in India is projected to decrease from 6.6% in 2011 to 6.3% in 2016. The improving employment conditions in the country will encourage Indians to increase their personal consumption expenditure, which will create a higher demand for consumer finance products, such as personal loans, education loans, auto loans and mortgage loans. The country's sustained economic growth, rising disposable income levels, affordable interest rates and tax incentives are the main macroeconomic growth drivers that are encouraging the housing loan category's development in India. Although the Indian consumer finance market registered significant growth during the review period, the market's growth decelerated towards the end of the review period as a result of the country's microfinance crisis caused by India's strict regulatory environment. The Indian banking industry is well regulated and contains 167 commercial banks. The banks operating in India include a mixture of both domestic and foreign businesses. Despite the fragmented nature of the Indian banking industry, the competitive landscape for the Indian consumer finance market varies significantly depending on each product category.
Scope
• This report provides an extensive analysis on the consumer finance market in India
• It details historical values for the consumer finance market in India for 2007–2011, along with forecast figures for 2012–2016
• The report provides a detailed analysis on key trends and drivers, marketing strategies, and challenges in the consumer finance market in India
• It outlines the current regulatory framework in the industry
• It details the marketing strategies adopted by various banks
• It profiles the major banks in India
Reasons To Buy
• Make strategic business decisions using historic and forecast market data related to the Indian consumer finance market
• Understand the key market trends and growth opportunities in the Indian consumer finance market
• Assess the competitive dynamics in the Indian consumer finance market
• Gain insights into the marketing strategies adopted by banks to sell consumer finance products
• Gain insights into key regulations governing the consumer finance market in India
Key Highlights
• Housing loans was the largest category in the Indian consumer finance market, and it generated approximately 56.9% of the total market value in 2011.
• The gold loans category was the fastest growing in the Indian consumer finance market during the review period. It recorded an impressive CAGR of 43.93% during the review period.
• The education loans category recorded the second-fastest CAGR of 30.20% during the review period. This growth was primarily due to the rapid expansion of India's education services, as well as the rising number of students choosing to travel aboard to access higher education.
• The auto finance category recorded a strong CAGR of 18.85% during the review period
• The Indian credit card loans category is in the initial stages of development. It recorded a CAGR of -0.28% during the review period. This was mainly due to the country's high defaults rate and the availability of other popular credit products in the Indian consumer finance market.
Table of Contents
1 Executive Summary
2 Future Outlook of Consumer Finance in India
3 Indian Consumer Finance Market Dynamics
3.1 Macroeconomic fundamentals
3.1.1 GDP
3.1.2 Annual disposable income
3.1.3 Inflation rate
3.1.4 FDI inflows
3.2 Consumer attitudes towards credit
3.3 Key performance indicators
3.4 Regulatory framework
4 Indian Consumer Finance Market Opportunity and Growth Potential
4.1 Overview
4.2 Personal Loans
4.3 Credit Card Loans
4.4 Auto Loans
4.5 Gold Loans
4.6 Housing Loans
4.7 Education Loans
5 Key Trends and Growth Drivers for the Indian Consumer Finance Market
5.1 Personal Loans
5.2 Credit Card Loans
5.3 Auto Loans
5.4 Gold Loans
5.5 Housing Loans
5.6 Education Loans
6 Industry Structure and Competitive Landscape
6.1 Indian Banking Industry Market Share
6.2 Housing Loan
6.3 Auto Loan
6.4 Credit Card Loan
6.5 Education Loan
6.6 Gold Loan
7 Strategies
7.1 Marketing and Product Strategies
7.2 Market Entry Strategies
7.3 Growth Strategies
8 Challenges
9 Company Profiles
9.1 State Bank of India (SBI)
9.2 Housing Development Finance Corp. Ltd (HDFC)
9.3 ICICI Bank Ltd
9.4 Kotak Mahindra Bank
9.5 AXIS Bank Limited
9.6 Other private banks
10 Appendix
10.1 About BRICdata
10.1.1 Areas of expertise
10.2 Methodology
10.3 Disclaimer
List of Tables
Table 1: Indian GDP at Constant Prices (US$ Billion), 2007-2016 (Base Year 1999-2000)
Table 2: Indian Annual Disposable Income (US$ Billion), 2007-2016
Table 3: Indian Inflation Rate (%), 2007-2016
Table 4: Indian Banking Industry Value by Loans and Deposits (US$ Billion), 2007-2016
Table 5: Indian Banking Industry Growth by Performance Indicator (%), 2007-2016
Table 6: Indian Consumer Finance Market Size (INR Trillion), 2007-2011
Table 7: Indian Consumer Finance Market Size by Category (INR Billion), 2007-2016
Table 8: Indian Personal Loans Market Size (INR Billion), 2007-2016
Table 9: Indian Credit Card Loans Market Size (US$ Million), 2007-2016
Table 10: Indian Auto Loans Market Size (INR Trillion), 2007-2016
Table 11: Indian Gold Loans Market Size (INR Billion), 2007-2016
Table 12: Indian Housing Loans Market Size (INR Trillion), 2007-2016
Table 13: Indian Education Loans Market Size (INR Billion), 2007-2011
Table 14: Indian Credit Card Transactions Volume and Value, FY2009-FY2011
Table 15: Market Entry Strategy of Foreign Banks in India
Table 16: Foreign Banks in India
List of Figures
Figure 1: Indian Future Outlook of Consumer Finance (INR Billion)
Figure 2: Indian GDP at Constant Prices (US$ Billion), 2007-2016 (Base Year 1999-2000)
Figure 3: Indian Annual Disposable Income (US$ Billion), 2007-2016
Figure 4: Indian Inflation Rate (%), 2007-2016
Figure 5: Indian FDI Inflows (US$ Billion), 2007-2010
Figure 6: Indian Banking Industry Value by Loans and Deposits (US$ Billion), 2007-2016
Figure 7: Indian Banking Industry Growth by Performance Indicator (%), 2007-2016
Figure 8: Indian Consumer Finance Market Size (INR Trillion), 2007-2016
Figure 9: Indian Consumer Finance Market Size by Category (INR Billion), 2007-2016
Figure 10: Indian Personal Loans Market Size (INR Billion), 2007-2016
Figure 11: Indian Credit Card Loans Market Size (INR Billion), 2007-2016
Figure 12: Indian Auto Loans Market Size (INR Trillion), 2007-2016
Figure 13: Indian Gold Loans Market Size (INR Billion), 2007-2016
Figure 14: Indian Housing Loans Market Size (INR Trillion), 2007-2016
Figure 15: Indian Education Loans Market Size (INR Billion), 2007-2016
Figure 16: Indian Unemployment Rate (%), 2007-2016
Figure 17: Indian Urban and Rural Population (%), 2007-2016
Figure 18: Indian Number of Households (Million), 2007-2016
Figure 19: Indian Leading Banks by Assets (% Share), March 2011
Figure 20: Indian 10 Leading Banks by Assets (INR Billion), March 2011
Figure 21: Indian Housing Loans Market Share (%), 2011
Figure 22: Indian Auto Loans Market Share (%), 2011
Figure 23: Indian Credit Card Loans Market Share (%), 2011
Figure 24: Indian Gold Loans Market Share (%), 2011
To order this report:
Credit and Loan Industry: Emerging Opportunities in the Indian Consumer Finance Industry: Market Size, Strategies, Products and Competitive Landscape
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Nicolas Bombourg
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Forex: USD/CAD falls after Building Permits - FXStreet.com
G7 finance ministers vow European action as Spain fears mount - Globe and Mail
A conference call of G7 finance ministers concluded with promises of further European action over the coming weeks to calm markets as concern now focuses on the Spanish economy and its fragile banking sector.
The discussion among finance ministers and central bank governors focused on potential policy responses, “including the progress towards financial and fiscal union in Europe,” according to a brief statement released by Finance Minister Jim Flaherty’s spokesperson. The statement was virtually identical to one issued earlier Tuesday by the U.S. Treasury.
Both Mr. Flaherty and Bank of Canada Governor Mark Carney took part in the conference call.
Japanese finance minister Jun Azumi said the ministers discussed the situation in Europe.
“The European side stated that they will respond to it speedily,” he said, according to reports.
The private call was never officially announced, but Mr. Flaherty disclosed it would take place while speaking with reporters on Monday.
The next summit of G20 leaders – to take place later this month in Los Cabos Mexico – is once again shaping up as a deadline of sorts for European leaders. The planned agenda of last year’s G20 summit in Paris was largely derailed by Euro zone politics as European leaders grappled with Greece’s plan – later retracted – to hold a referendum on Europe’s bailout conditions.
The G20 summit will take place just days after the June 17 Greek election, in which voter decisions between pro and anti-bailout parties could hasten that country’s exit from the euro zone.
Spain is now the most pressing concern, as the region’s fourth-largest economy admitted for the first time Tuesday that it will need European help to shore up its banking sector.
Prime Minister Stephen Harper, who is in London for the Queen’s diamond jubilee celebrations, will be in Paris Wednesday to meet with French President François Hollande.
With a report from Jeremy Torobin
FOREX-Euro hits 1-week high as bears trim bets ahead of G7 call - Reuters UK
* Euro hits 1-week high vs USD, above tenkan line
* Euro rebound may lose steam if no concrete steps from G7
* Some speculate ECB might act on Wed
* Aussie gains after 25 bp cut, market expects more cuts
* Short-term dlr/yen call options in favour on intervention fears
TOKYO, June 5 (Reuters) - The euro extended gains to a one-week high on Tuesday as some sellers pared back their huge bets against the currency ahead of a conference call by the Group of Seven financial policy makers on the European debt crisis.
Although market players remain sceptical of a major breakthrough given a lack of consensus within Europe on how to save Spanish banks and on other matters, there was caution in case the meeting leads to some kind of policy agreement, given record short positions on the euro.
"It will take a long time to resolve the debt crisis. I don't expect European policy makers to come to an agreement soon. I am ready to sell the euro around $1.2550," said a trader at a Japanese bank.
The euro rose to as high as $1.25429, its highest in a week, extending its rebound from a two-year low of $1.2288 reached on Friday. It last stood at $1.2520, up 0.2 percent from late U.S. levels.
On the daily Ichimoku chart, the euro rose substantially above the tenkan line for the first time in about a month and if it closes above that level, at $1.24565 on Tuesday, it could herald further recovery in the battered currency.
Immediate resistance for the euro lies at $1.2545, the 76.4 percent Fibonacci retracement of its decline last week and above that there is resistance at $1.2570, the 23.6 percent retracement of its longer term decline from a February high of $1.34869.
Against the yen, the single currency rose 0.3 percent to 98.22 yen, moving off Friday's 11-year low of 95.59 yen. It hit a fresh one-month high against the British pound at 81.405 pence.
News that finance chiefs from the Group of Seven leading industrialised powers will hold emergency talks on the euro zone prompted some market players to speculate that the European Central Bank could yield to additional pressure.
"They may put pressure on the ECB to do something," said Eiji Kinouchi, chief technical analyst at Daiwa Securities.
Some market players said ECB President Mario Draghi may embark on pre-emptive moves and surprise markets, as he did last year just after he took over the helm at the bank. They added that the ECB could implement a rate cut or a massive injection of funds.
RBA CUTS
Financial markets are anxious about the risks from a Spanish banking crisis and fret a Greek election on June 17 could lead Athens to leave the single currency and precipitate yet more economic turbulence.
France and the European Commission signaled their support on Monday for an ambitious plan to directly use the euro zone's permanent bailout fund to rescue stricken banks.
But Germany, the euro zone's biggest economy and the biggest contributor to the European Stability Mechanism, has so far opposed any use of bailout funds without a country having to submit to a politically humiliating austerity programme imposed by international lenders.
In a sign of increasing concern about the impact of the euro zone debt crisis, the Reserve Bank of Australia cut interest rates by 25 basis points but the cut was less than some had expected, sending the Australian dollar higher .
Local money markets had been pricing in a rate cut of at least 25 basis points, with some players looking to a deeper 50 basis point cut.
The Australian dollar rose close to 0.7 percent to $0.9784 , extending its recovery from an eight-month trough of $0.9581 hit on Friday.
Still, some market players see the Aussie trapped in a downtrend as they expect the Australian central bank to cut rates further in coming months.
The Japanese yen moved little against the U.S. dollar at 78.33 yen, off Friday's 3 1/2-month low of 77.652 yen, helped by wariness about Japanese yen-selling intervention as Japanese Finance Minister Jun Azumi has stepped up his rhetoric against the yen's rise.
Some market players are buying short-term dollar/yen calls to bet on, or hedge against intervention, pushing the one-week risk reversal spread to its highest level in favour of dollar calls in six months. (Additional reporting by Antoni Slodkowski; Editing by Edwina Gibbs)
G7 finance ministers hold crisis talks - Big Pond
Finance ministers of the Group of Seven were to hold talks on Tuesday on the eurozone crisis and the threat it poses to the world economy, several official sources said.
Finance ministers and central bank chiefs from the world's seven most industrialised nations were set to confer at 2100 AEST the sources said, only days after US President Barack Obama blamed Europe for sluggishness in the US economy.
The emergency talks came as Spain warned it could soon no longer afford to borrow on the markets in the clearest sign yet that it will require a rescue that Madrid's European partners may not be able to afford.
Few details on the meeting's agenda have emerged, with only Canadian Finance Minister Jim Flaherty revealing that the discussions would address Europe and troubled banks on the continent, the 'real concern' of the moment.
'Those discussions also take place with some of the non-European members of the G20 who are concerned ... with the potential consequences of a crisis in the eurozone,' Flaherty told a Toronto press conference late on Monday.
'The real concern right now is Europe, the weakness in some of the banks in Europe, the fact they're undercapitalised, the fact the other European countries in the eurozone have not taken sufficient action yet to address those issues of undercapitalisation of the banks and building an adequate firewall,' he said.
Concern has grown that two years of problems in the eurozone are pulling the world economy out of a fragile recovery with Obama on Friday saying the crisis in Europe had 'cast a shadow' on the US after an unexpected uptick in unemployment.
Spain declared on Tuesday it is being virtually shut out of stormy credit markets but a bailout is technically impossible for the eurozone's fourth-biggest economy.
Budget Minister Cristobal Montoro said soaring borrowing costs on the bond market were a sign that creditors were closing the door on loans to the sovereign.
'Spain cannot be rescued in the technical sense of the term. Spain does not need that. Spain needs more Europe, more mechanisms allowing the integration of Europe,' he told Onda Cero radio.
Montoro did not explain why a rescue would be impossible but many analysts fear the size of the economy would stretch the resources of existing European rescue mechanisms.
With bond markets charging exorbitant rates to lend to Spain, investors believe Madrid may be forced to seek external aid to finance a bailout of the nation's financial sector.
Stricken Spanish lender Bankia alone has asked for a total E23.5 billion ($A30.39 billion) to help repair a balance sheet that has a vast exposure to the property market, which crashed in 2008.
A report for clients by HSBC has calculated that over three years the costs of a bailout for Spain would be E450 billion ($A582.00 billion), of which E100 billion euros ($A129.33 billion) would go towards the banks.
But Germany insists there is no quick fix or miracle cure and no way round the hard slog of fiscal consolidation and structural reforms.
A banking union has been suggested but EU-paymaster Germany believes such a move must be part of a longer process of deeper integration.
Greater integration would give more powers to the European Commission, the EU's executive arm, and effectively require member states to give up significant national sovereignty.
FOREX-Euro falls on Spain worries; no joy from G7 call - Reuters
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
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FOREX.com Named Best Arabic FX Platform 2012 at Saudi Money Expo - Zawya.com
Dubai, United Arab Emirates, 5 June, 2012 - FOREX.com, the retail division of GAIN Capital (NYSE: GCAP), a global provider of online trading services, was awarded "Best Arabic FX Platform 2012" at the recent Saudi Money Expo held in Jeddah.
FOREX.com was given the prestigious accolade based on voting by investors and industry experts ranking the top FX brokers and educators in the region.
"We are delighted to receive this award, which recognizes our commitment to tailor and improve our services for our customers in the Middle East," said GAIN's Chief Product Officer Muhammad Rasoul. Mr. Rasoul added, "Trading volume from the region grew over 150% last year and, in anticipation of continued growth in the region, we recently launched an enhanced Arabic version of our FOREXTrader PRO platform, featuring Arabic language news and research, along with fully localized trading tools."
FOREX.com offers trading in more than 70 markets, including currencies, gold & silver, oil, natural gas, agricultural commodities, and global equity indices. In addition to the FOREXTrader Pro platform, FOREX.com also supports the popular MetaTrader (MT4) platform in Arabic, for traders who want to run automated strategies while enjoying the competitive pricing, stability, and service of a global market leader.
FOREX.com's Arabic service is regulated by the UK's Financial Services Authority, which provides clients with a robust regulatory framework and segregated funds protection.
"Traders today want a robust service that operates with strong regulatory oversight," added Mr. Rasoul. "Our FSA regulated service, along with our transparency as a U.S. public company, provides traders with a lot of confidence in choosing FOREX.com as their trading provider. Looking ahead, our goal is to expand our products and services for traders in the Middle East. This includes delivering new, innovative tools, expanding the trading markets we offer and, of course, continuing to provide superior customer service and trading execution."
For more information or to open up a complimentary 30-day practice account, traders should visit www.forex.com or www.forex.com/ar.
*Foreign exchange and CFD trading involves significant risk of loss, and is not suitable for all investors.
About GAIN Capital
GAIN Capital Holdings, Inc. (NYSE:GCAP) is a global provider of online trading services. GAIN's innovative trading technology provides market access and highly automated trade execution services across multiple asset classes, including foreign exchange (forex or FX), contracts for difference (CFDs) and exchange-based products, to a diverse client base of retail and institutional investors.
A pioneer in online forex trading, GAIN Capital operates FOREX.com®, one of the largest and best-known brands in the retail forex industry. GAIN's other businesses include GAIN GTX, a fully independent FX ECN for hedge funds and institutions, and GAIN Securities, Inc. (member FINRA/SIPC) a licensed U.S. broker-dealer.
GAIN Capital and its affiliates have offices in New York City; Bedminster, New Jersey; London; Sydney; Hong Kong; Tokyo; Singapore; Beijing and Seoul.
For company information, visit www.gaincapital.com.
© Press Release 2012
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