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
Read More >>

🏦 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
Read More >>

🏦 Co-operative Banks / RRBs

📝  Co-operative banking back on growth path in AP, says CM Jagan Reddy
Read More >>

🏦 Foreign Banks / FIIs / I-Banks

📝  ‘India sees long-term foreign flows; debt troubles unlikely’
Read More >>

🏠 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
Read More >>

🔍 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
Read More >>

🗎 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
Read More >>

UPIs / Wallet / FinTech

📝  UPI is world’s digital public code; will aid others build their versions: NPCI's Ritesh Shukla
Read More >>

🧔 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
Read More >>

Crypto

📝  Fiat-to-crypto solution: Setting new standards for the Web3.0
Read More >>

🗠 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
Read More >>

🗎 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
Read More >>

🗎 Govt. Securities / Bonds

📝  SBI plans another Rs 10,000 crore infra bond issue
📝  Eight years later, gold bonds deliver market-like returns
Read More >>


Corporate Office

405, TSL Corner
Local Shopping Complex
Sector G Mayur Vihar Phase III
Delhi - 110096, India

Contact

contact@nurcmedianext.com
nurcmnx@gmail.com
nurcmedianext@gmail.com
+91-11-49849324, +91-9958949710