Top Indian Banking Industry News & Updates - 04 Aug 2023,Friday

🗎 RBI / MoF / Govt. Policies

📝  Banks’ cost of funds up around 1% YoY on higher deposit, market rates
📝  Review exporter caution-listing: RBI Panel
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🏦 PSB / Pvt Banks

📝  SBI Q1 Preview: Profit to double on strong loan growth, treasury gains
📝  Karnataka Bank posts ₹370.7 crore net profit in Q1
📝  State Bank of India files insolvency plea against Mumbai Metro One
📝  SBI MD bats for allowing special Vostro surplus in corporate bonds
📝  South Indian Bank launches SIB EXIM Current Account
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🏦 Foreign Banks / FIIs / I-Banks

📝  India now top-ranked equity market, says Morgan Stanley
📝  I would not sell US equities because of Fitch downgrade: Steve Englander, Standard Chartered Bank
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🏠 Housing Finance

📝  LIC Housing Finance Q1 PAT up 43% on steady revenue, NII growth
📝  Interview: Expect to maintain 30% CAGR growth: Manish Jaiswal, MD & CEO, Poonawalla Housing Finance
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💳 ATMs / Credit Cards

📝  Mastercard launches CVC-less payments for tokenised credit, debit cards
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🗎 NBFCs / FIs / MFI

📝  NTT Data Payments Services eyes top slot, scouting more acquisitions
📝  NBFC Moneyboxx Finance crosses Rs 400 cr AUM; targets doubling it this FY
📝  SBFC Finance IPO subscribed 1.91 times on first day of subscription
📝  Fusion Microfinance to enter Andhra, Telangana, open up to 30 branches
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UPIs / Wallet / FinTech

📝  Paytm leads technology for India’s small shops, solidifies in-store payments leadership with 82L devices
📝  Paytm monthly users increase by 19% to 9.3 crore
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Crypto

📝  Changpeng “CZ” Zhao warns about crypto-based fraudulent activities
📝  With trading community turning lukewarm, crypto startups look to rebuild for the future
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🗠 Mutual Funds / AMCs

📝  PLI on track; investment commitments at 60% of capex target: SBI MF research
📝  WhiteOak Capital MF surpasses ₹3,900 crore AUM mark in its first year of operations
📝  Union AMC appoints Harshad Patwardhan as CIO
📝  Mutual fund houses launch five multi cap schemes in 2023
📝  66% equity mutual funds underperformed their benchmarks in three years
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🗎 Equities, Pvt. Equity / Hedge Funds

📝  Kotak integrates alternate funds, investment advisory businesses; combined assets now at USD 18 bln
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🗎 Govt. Securities / Bonds

📝  SEBI looking at standardisation in corporate bond market
📝  BoM Likely to Raise up to ₹1k cr Via Tier-2 Bonds
📝  Investment basket linked to Special Rupee Vostro accounts should include corporate bonds
📝  India bond yields seen rising as US peers jump further, rupee fall to hurt
📝  India online bond trading platform sees glitches; trading halted - traders
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✈ International

📝  Standard Chartered sees senior bankers exit in India as rivals circle
📝  Bank of England lifts interest rate to 15-year high, more hikes likely
Read More >>


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