For delivering twice the growth in deposits relative to the industry, and migrating 97% of its customer base to SMART business, the online channel for corporate clients,Emirates NBD was recognised as Best Cash Management and Transaction Bank in Middle East and Africa at The Asian Banker MEA Risk and Transaction Awards Programme 2018
Alibaba broke its Singles' Day online shopping sales record on 11 November when gross merchandise volume reached $30.8 billion. This beat last year's $25 billion, which was surpassed in just 15 hours and 49 minutes.
Retail banking sector has been the main growth driver for Indian banking sector during the past few years, as banks’ exposure to corporate banking sector has been reduced due to bad loans problems. Their retail lending has grown at a compound annual growth rate (CAGR) of 16.2% over the FY2013 to FY2018 period, making India's retail banking one of the biggest among emerging markets.
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