Top Indian Banking Industry News & Updates - 01 Aug 2023,Tuesday
🗎 RBI / MoF / Govt. Policies
📝 Bank deposits: Women’s share rises to 20.5%, per capita deposits up by Rs 4,618 in 5 years
📝 Improved detection, reporting bring down bank fraud cases: MoS Finance
📝 Banks’ non-food credit grows 16% in June: RBI data
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🏦 PSB / Pvt Banks
📝 IDFC First Bank’s operating profit will continue to outpace loan book growth: V Vaidyanathan
📝 Kotak Mahindra Bank refutes media reports, says no RBI communication yet on CEO succession
📝 Jana Small Finance Bank refiles IPO application with SEBI for Rs 575 cr issue
📝 Dhanlaxmi Bank shares jump 11% after lender swings to profit in June quarter with Rs 28 PAT vs Q1FY23 loss
📝 Majority of Indians turn to physical bank branches to resolve issues: Survey
📝 M&M’s tryst with banking puts focus on RBL Bank. But investors must prepare for a long journey.
📝 Axis Bank sees fight for India deposits intensifying
📝 Bank lending up 16.3% in June: Indians in the mood to buy drive credit growth
📝 YES Bank evaluating Spandana Sphoorthy for acquisition
📝 State Bank of India raises Rs 10,000 crore via infra bonds at 7.54%
📝 IDFC First Bank Rating: Buy: New business in focus
📝 SBI's infra bond response likely to lure lenders into tapping mkt: Bankers
📝 With a GDP growth of 6.5%, we will be growing at 13%: South Indian Bank CEO
📝 What will we do with capable human beings who have long lives but no work: Axis Bank CEO Amitabh Chaudhry
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🏠 Housing Finance
📝 Sebi slaps Rs 20 lakh fine on two former DHFL promoters
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🏦 Development Banks
📝 SIDBI to set up Accelerator Fund at IIM Ahmedabad’s CIIE startup incubator to back tech startups
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💳 ATMs / Credit Cards
📝 SBI Cards sustains solid business performance
📝 Credit cards in force hit new high in June; spends decline over May
📝 Loan granted to credit card holder is exempt from IGST: Calcutta HC
📝 Legacy loans haunt SBI Card's credit quality
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🔍 Rating / Research
📝 Erratic rainfall may lead to higher inflation in near term: BoB research
📝 Include more women under MGNREGS to get them into formal banking system: SBI Economists
📝 Majority of Indians turn to physical bank branches to resolve issues: Survey
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🗎 NBFCs / FIs / MFI
📝 Retail, loans to NBFCs and large corporates prop up credit demand
📝 M&M Finance aims to reduce GNPA by 100 bps
📝 Peerless Group plans Rs 1,000-crore capital expenditure
📝 Bajaj Finance deposits cross Rs 50,000 crore
📝 Online loan app RupeeRedee’s NBFC FincFriends raises $3.5 million from Digital Finance International
📝 SBFC Finance Rs 1025 cr IPO opens on 3 August; price-band at Rs 54-57 per share
📝 NIMs should go up by at least 25-30 bps by year end: Ramesh Iyer, Mahindra Finance
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UPIs / Wallet / FinTech
📝 Paytm Chief Vijay Shekhar seeks PLI scheme for payment devices
📝 Paytm introduces innovative products enabling on-the-go payment alerts for merchants
📝 Fintech lenders see profits in FY23 after rough couple of years
📝 Digital banking in India not ‘humanised’: Accenture study
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Crypto
📝 Binance secures new Dubai-based licence to provide crypto broker-based facilities
📝 Australian banks to discontinue ‘high-risk payments’ to crypto exchanges
📝 Bitcoin holds above $29,300; Tron, Shiba Inu fall up to 4%
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🗠 Mutual Funds / AMCs
📝 LIC Mutual Fund completes merger of IDBI Mutual Fund schemes
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🗎 Equities, Pvt. Equity / Hedge Funds
📝 KKR InvIT acquires Macquarie's 4 road assets for INR 3,000 cr
📝 FII, DII data: FPIs sold shares worth Rs 1023 cr, DIIs bought shares worth Rs 1634 cr on Friday, 28 July
📝 Investments by PE-VC funds dip 42% in July
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🗎 Govt. Securities / Bonds
📝 SBI raises Rs 10,000 crore via unsecured long-term infra bonds
📝 Indian bond yields may consolidate after last week’s rise
📝 SBI's infra bond response likely to lure other lenders into tapping mkt
📝 India bond index inclusion hopes rise amid low foreign ownership - BofA Securities
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