Top Indian Banking Industry News & Updates - 05 Aug 2023,Saturday
🗎 RBI / MoF / Govt. Policies
📝 RRBs need to focus on digitally active customers to promote greater digitalisation of economy: FM Nirmala Sitharaman
📝 South RRBs’ performance in certain parameters is better than national average: FM
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🏦 PSB / Pvt Banks
📝 SBI Q1 profit jumps to Rs 18,735.95 crore, beats estimates; NII at Rs 38,905 crore
📝 TORK Motors partners with HDFC Bank to offer easy finance options
📝 M&M gives 3 reasons for investing Rs 400 crore in RBL Bank
📝 Won't increase stake in RBL unless the reasons are compelling enough: Mahindra Group MD & CEO
📝 Chairman Dinesh Khara says SBI has been, and will be largest home loan lender
📝 SBI Q1 Results: Profit zooms 178% YoY to Rs 16,884 crore, beats estimate
📝 Not SBI, Bank of Baroda, these public sector banks championed MSME loans in FY23
📝 Altigreen partners with Axis Bank to offer tailored financial solutions
📝 M&M’s investment in RBL Bank was to understand banking business: Anish Shah
📝 Will achieve new milestones in ESG journey, says ICICI Bank chairman
📝 SBI reports merely 3% employee attrition, much lower than Private peers
📝 Bank of Baroda to report Q1FY24 results on Aug 5; here's what to expect
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🏦 Foreign Banks / FIIs / I-Banks
📝 Morgan Stanley’s Ridham Desai gives 3 reasons to own Indian stocks
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🏠 Housing Finance
📝 LIC Housing Finance shares surge on Q1 numbers
📝 Repco Home Finance Q1 net rises 44% to ₹89 cr.
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🏦 Development Banks
📝 India can achieve $5-trn economy target within 18 months: NaBFID chairman
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🗎 NBFCs / FIs / MFI
📝 Swiss impact investor signs deal with Electronica Finance
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UPIs / Wallet / FinTech
📝 OTT, ed-tech platforms driving global payments to Indian businesses: Razorpay report
📝 Paytm up 4% as loan disbursements more-than-double in July to Rs 5,194 cr
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🧔 Brokers / Distributors
📝 SBI’s Q1FY24 net profit could more than double: Broking firms
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Crypto
📝 Binance to add 22 new collateral assets for its loan services
📝 Crypto exchange Huobi acquires 10 million CRV DAO tokens
📝 Bitcoin holds above $29,100; Shiba Inu, BNB rise up to 4%
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🗠 Mutual Funds / AMCs
📝 Top MFs: These mutual funds gave up to 22% returns in one year
📝 Sebi reduces time limit for AIFs, VCs to invest overseas to 4 months
📝 Interesting times ahead for AMC business with the entry of Jio BlackRock
📝 Jinesh Gopani quits Axis MF; Shreyas Devalkar to head of equities
📝 Axis MF appoints Shreyas Devalkar as new equity head
📝 We are expecting mid-teens earnings growth over next two years: Harsha Upadhyaya
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🗎 Equities, Pvt. Equity / Hedge Funds
📝 Brookfield India REIT plans to raise up to Rs 1,150 cr in addition to QIP
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🗎 Govt. Securities / Bonds
📝 IRDAI allows insurers’ holdings in erstwhile HDFC’s bonds to be classified as is till maturity
📝 India's online bond trading platform facing technical glitches again: Traders
📝 Vedanta looks to refinance $3.8 bn bonds
📝 Sanghi Inds to buy out ₹500 cr of Kotak bonds early
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