Top Indian Banking Industry News & Updates - 07 Aug 2023,Monday
🗎 RBI / MoF / Govt. Policies
📝 RBI may continue to hold rate amid concern over inflation: Experts
📝 RBI likely to hold rates, talk tough on managing price rise
📝 Bank credit growth to MSMEs decelerates in Q1: RBI data
📝 Five day work week for banks gets IBA nod
📝 MPC may continue with status quo on policy repo rate
📝 ICAI joins hands with IBA to improve audit quality
📝 RBI may continue to hold interest rate amid concern over inflation, say experts
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🏦 PSB / Pvt Banks
📝 BoB net up 88% on growth in retail loans, bank sets sights on higher fee income
📝 HDFC Bank's Sashidhar Jagdishan is highest paid bank CEO in FY23 with Rs 10.55 crore pay
📝 Profit of PSU banks more than doubles to Rs 34,774 crore in Q1
📝 Punjab & Sind Bank Q1 net down 25.36% at ₹153 crore
📝 Punjab & Sind bank to foray into Mutual Fund space to boost fee-based income: Report
📝 SBI seeks buyers for its Rs 96,000 crore distressed loans
📝 At 7.5%, 5-year post office time deposit (POTD) offers higher interest rate than major bank FDs; should you go for it?
📝 HDFC Bank picks up 1 lakh sq ft in Blackstone's Mumbai Towers on a 5-yr lease
📝 SBI chairman on record profit, declining NIM and more
📝 Banks told to look into MSME loan rejections
📝 ICICI Bank gets RBI's nod to raise stake in ICICI Lombard. Details here
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🏦 Co-operative Banks / RRBs
📝 Co-operative banking back on growth path in AP, says CM Jagan Reddy
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🏦 Foreign Banks / FIIs / I-Banks
📝 ‘India sees long-term foreign flows; debt troubles unlikely’
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🏠 Housing Finance
📝 India Shelter Finance files for ₹1,800 crore IPO paper with Sebi
📝 LIC Housing Finance to aggressively use OTS, ARC for loan recoveries
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🔍 Rating / Research
📝 Banking sector remains on a strong footing, as outlook for earnings remains strong
📝 Banks break a sweat to recover written-off loans as experts say share of willful defaulters seems to be rising
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🗎 NBFCs / FIs / MFI
📝 Mukesh Ambani expects to list Jio Financial Services soon
📝 Access to capital easy, but there is a dark side to private equity: Sanjiv Bajaj
📝 Cholamandalam Investment and Finance to raise ₹4,000 crore via QIP in September: Report
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UPIs / Wallet / FinTech
📝 UPI is world’s digital public code; will aid others build their versions: NPCI's Ritesh Shukla
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🧔 Brokers / Distributors
📝 RBI to prolong pause, probability of hike small, says ICICI Securities Primary Dealership CEO
📝 Vinit Bolinjkar on why Mahindras are picking stake in RBL
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Crypto
📝 Fiat-to-crypto solution: Setting new standards for the Web3.0
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🗠 Mutual Funds / AMCs
📝 Contra Mutual Funds: You can take a contrarian view now
📝 Aditya Birla Sun Life India GenNext Fund Review: Returns, Portfolio, Should you invest?
📝 Mutual fund houses go slow on NFOs; file draft papers for 59 schemes in April-July
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🗎 Equities, Pvt. Equity / Hedge Funds
📝 FPIs take a breather; withdraw Rs 2,000 cr in first week of August
📝 PE, VC funds slash their fees, aim for higher carry
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🗎 Govt. Securities / Bonds
📝 SBI plans another Rs 10,000 crore infra bond issue
📝 Eight years later, gold bonds deliver market-like returns
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