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China banks’ capital pressure to continue: Fitch

Published

9 years ago

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Beijing: Chinese banks are likely to continue facing profitability and capital pressures in the near term, said Fitch Ratings.

The rating agency expected that the macroeconomic slowdown will continue to result in weakening asset quality and suppressed revenue growth, while net interest margins will remain constrained by earlier interest-rate cuts, as per reported.

The effects on lending rates of the five rounds of interest-rate cuts since November 2014 are expected to last in the coming months.

Worsening asset quality, such as non-performing loan (NPL), will impair potential profit growth. The year-round NPL ratio is likely to be higher, as Chinese banks often provision more aggressively in the second half of the year, Fitch forecast.

China’s equity markets may slow the banks’ fee growth, as the market turmoil since July triggered concerns over the slowing economy may reduce investment demand.

The agency expected the state banks will focus more on their overseas expansions to mitigate the impact from the domestic economic slowdown.

China has cut interest rates, reduced reserve requirement ratio, and removed a 75-percent loan-to-deposit ratio stipulation to help boost economic growth, which may help ease some pressure on the banks but is unlikely to reverse the subdued earnings trends in the short term, Fitch said.

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Apple is giving a huge discount on its gadgets: Details inside

Published

2 years ago

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May 5, 2022

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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