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
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