Retail Banking News Updates, September 19th 2012

HDFC Bank launches India's first teacher's credit card
HDFC Bank has launched India’s first credit card for teachers. The Teacher’s credit card offers special features like multiple reward points, weekend bonanza points, petrol surcharge waiver and 500 teacher’s day special gift reward points credited annually on Teachers day.

Deutsche Bank names co-CIOs for asset management
Randy Brown and Asoka Woehrmann were named co-chief investment officers of asset management at Deutsche Bank's asset and wealth management division. Brown was previously global head of Deutsche Insurance Asset Management, while Woehrmann held the position of global CIO of DWS Investments.

Britain’s Post Office agrees to retail partnership with HSBC
HSBC has signed a partnership with Britain’s Post Office that will enable the bank’s customers to access their bank accounts at post offices across the UK for free. Customers of the bank’s phone and internet bank, First Direct, would also be able to access their accounts through post offices under the deal.

Re-disseminated by The Asian Banker