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Lloyds Banking Group Plc Receives Buy Rating From Investec (lloy)

Finally, analysts at Deutsche Bank reiterated a buy rating on shares of Lloyds Banking Group PLC in a research note to investors on Tuesday, December 17th. They now have a GBX 90 ($1.48) price target on the stock. Four investment analysts have rated the stock with a sell rating, nine have view publisher site issued a hold rating and twenty-one have assigned a buy rating to the companys stock. The company currently has a consensus rating of Buy and an average price target of GBX 119.05 ($1.96). Lloyds Banking Group PLC has a 52-week low of GBX 46.061 and a 52-week high of GBX 81.50.
For the original version including any supplementary images or video, visit http://tickerreport.com/banking-finance/98592/lloyds-banking-group-plc-receives-buy-rating-from-investec-lloy/

Growth of mobile banking lower-than-expected in India, says RBI

Reuters "Though mobile banking channel has the potential to be one of the key tools for achieving financial inclusion, the growth and acceptance of mobile banking as a channel of accessing banking service has been below expectation," the central bank said in its half-yearly financial stability report released earlier this week. Reuters The report listed a slew of reasons for the poor show such as low levels of awareness and acceptance, inability of banks to seed the mobile number with the account number, incompatible handsets, absence of collaboration and revenue sharing models between banks and mobile operators, and absence of USD channels for mobile banking among others. The RBI allows only a bank-led model for mobile banking, with only those banks having physical presence in the country are permitted to offer this service. As on date, as many as 78 banks, including a few regional rural banks, urban cooperative banks, offer mobile banking services in the country. However, on the payment and settlement system infrastructure, the report said it performed without any major disruptions. The regulator said it did not notice any noteworthy exceptions during the business continuity plan/disaster recovery drills carried out in July 2013, which covered live operations of payment and settlement systems applications-- real time gross settlement system (RTGS) and core banking solution drill.
For the original version including any supplementary images or video, visit http://www.firstpost.com/economy/growth-of-mobile-banking-lower-than-expected-in-india-says-rbi-1319289.html

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