Top Indian Banking Industry News & Updates - 02 Aug 2023,Wednesday
🗎 RBI / MoF / Govt. Policies
📝 RBI says 88 pc of Rs 2,000 notes returned to banks
📝 Top 50 wilful defaulters owe Rs 87,295 crore to banks: Finance ministry
📝 RBI sends fresh draft to ESMA on CCIL oversight, said to hold firm
📝 Banks wrote off over ₹10.5-lakh cr during FY19 and FY23: Govt
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🏦 PSB / Pvt Banks
📝 IDBI Bank moves NCLAT against Zee; challenges NCLT order
📝 Ujjivan Small Finance Bank's rally remains unassailable as stock gains 22% in 6 sessions
📝 Bad bank’s twin structure now seen as a bad asset
📝 ICICI Bank, PNB, Bank of India revise home loan, other loan interest rates
📝 BattRE partners 8 financial institutions for easy EV loans
📝 Hoping to complete reverse merger by Q3FY24, says Ujjivan SFB MD Ittira Davis
📝 YES Bank evaluating Spandana Sphoorthy for acquisition
📝 Dhanlaxmi Bank records ₹28.30 crore net profit in Q1
📝 South Indian Bank to raise funds
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🏦 Foreign Banks / FIIs / I-Banks
📝 Barclays’ India banking head, Hong Kong CEO retire; reshuffling under way
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🏠 Housing Finance
📝 Aptus Value Housing Finance India Q1 Results: Net profit jumps 19% YoY to Rs 142 crore
📝 Sundaram Home posts 21% rise in Q1 net
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💳 ATMs / Credit Cards
📝 Fintech company CRED launches RuPay credit card-based UPI payments
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🔍 Rating / Research
📝 Rating firms flag concerns over surge in unsecured loans
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🗎 NBFCs / FIs / MFI
📝 Cholamandalam posts ₹726 cr PAT in Q1 with impressive show across parameters
📝 'Soaring unsecured book needs more buffers at NBFCs'
📝 Hero FinCorp's Personal Loan Services: Now Available in 167 Cities Across India
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UPIs / Wallet / FinTech
📝 Prosus to sell part of PayU to Rapyd for $610 m, to focus on Indian market
📝 UPI records 9.96 billion transactions in July worth Rs 15.34 lakh crore
📝 Could apply to RBI for SFB license in H2FY24, says Fino Payments Bank CFO Ketan Merchant
📝 Google Pay, PhonePe, Paytm users alert! Yes Bank has this good news for you
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Crypto
📝 Bitcoin plunges below $29,000; Solana, Polygon tank up to 4%
📝 76% of Indian respondents believe that CBDC should pay interest: Survey
📝 Nomura’s crypto arm wins Dubai licence
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🗠 Mutual Funds / AMCs
📝 Rahul Goswami joins as CIO – Fixed Income, Franklin Templeton MF
📝 LIC Mutual Fund completes merger of IDBI Mutual Fund schemes
📝 HDFC Mutual Fund's new fund enables support for cancer cure
📝 Mutual fund houses launches 36 active, 30 passive NFOs in 2023
📝 Volatility should be treated as an opportunity, says Sandeep Tandon of Quant Mutual Fund
📝 Franklin Templeton plans foray into private credit in India
📝 Franklin Templeton MF says returned over Rs 27,000 crore to investors of 6 shuttered schemes
📝 LIC-IDBI Mutual Funds merger: These ten schemes merged with Life Insurance Corporation. Check scheme names post-merger
📝 Top mutual funds: These 10 large-cap funds delivered the best return in one year
📝 HDFC Mutual Fund launches new fund offer (NFO). Details here
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🗎 Govt. Securities / Bonds
📝 SBI raises ₹10,000 cr via 15-yr infra bonds at 7.54%
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✈ International
📝 HSBC announces $2 billion buyback as higher rates raise profit targets: Report
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