Top Indian Banking Industry News & Updates - 08 Aug 2023,Tuesday

🗎 RBI / MoF / Govt. Policies

📝  Odisha govt ropes in Bandhan Bank for tourism department's payment solutions
📝  Soon, banks may surpass ₹1-lakh cr in gold jewellery loans
📝  MPC may continue with status quo on policy repo rate
Read More >>

🏦 PSB / Pvt Banks

📝  State Bank of India bets on private capex to grow corporate credit, says Chairman
📝  SBI to sell distressed loan accounts, including those backed by Anil Ambani, worth ₹96,000 crore
📝  Banks may soon have all Saturdays off; 5-day workweek possible
📝  HDFC Bank’s weightage in FTSE indices to be increased in 3 tranches: FTSE
📝  Banks write off Rs 14.56 lakh crore NPAs in last nine financial years
📝  Post Supreme Court ruling, banks turn wary of declaring accounts as 'wilful default'
📝  Sarkaari banks trump private peers in drawing fresh talent
📝  'Kochhar disclosed VIL links to husband's company only after Sebi query'
📝  HDFC Bank hikes MCLR by up to 15 bps
📝  Pricing game has now moved to retail segment: Shanti Ekambaram, director, Kotak Mahindra Bank
📝  Senior Citizen Fixed Deposit interest rate increases in August: SSFB offers up to 9.1% now
📝  Large exposures carefully scrutinised; will remain vigilant in good times
📝  Tata Motors partners South Indian Bank for EV financing
Read More >>

🏦 Foreign Banks / FIIs / I-Banks

📝  Star Health and Allied Insurance enters into bancassurance tie-up with Standard Chartered Bank
Read More >>

🏠 Housing Finance

📝  Disbursements set to rise after fall for three quarters, says LIC Housing MD
Read More >>

💳 ATMs / Credit Cards

📝  India1 Payments to look beyond white label ATMs
Read More >>

🗎 NBFCs / FIs / MFI

📝  Kotak Mahindra Investments aims to double developer loans portfolio in three years
📝  Cyrus Poonawalla Group appoints Keki Mistry as advisor for financial services ventures
📝  SBFC Finance public issue subscribed over 70 times
Read More >>

UPIs / Wallet / FinTech

📝  PwC resigns as auditor of Paytm Payments Services Limited
📝  Paytm shares jump over 11% as Vijay Shekhar Sharma buys 10.3% stake from AntFin
📝  PB Fintech Q1 Results: Policybazaar parent’s loss narrows to Rs 12 cr; revenue jumps 32%
📝  The fintech industry and cyber security: Rising incidences of white collar crimes
Read More >>

🧔 Brokers / Distributors

📝  Sebi to review eligibility rules for F&O inclusion, price band for derivatives stocks
📝  NSEL case: Sebi cancels MMTC’s stock broker licence, existing clients can withdraw funds in 15 days
Read More >>

Crypto

📝  Crypto-based businesses exceed Q2 predictions to secure profits
📝  Bitcoin holds above $29,000; Shiba Inu, XRP fall up to 5%
Read More >>

🗠 Mutual Funds / AMCs

📝  TINA factor: Sunil Subramaniam explains why India is a long-term destination for even FIIs
📝  SEBI plans Mutual Fund Lite regulations for passive funds
📝  Sebi looking to introduce ‘MF Lite’ regulations for passive funds
📝  Kotak Mutual Fund launches Kotak S&P BSE Housing Index Fund
📝  Mutual funds go slow on NFOs; file draft papers for 59 schemes in Apr-Jul
📝  Punjab & Sind Bank plans to foray into mutual fund space; to finalise partner by Sep
📝  Five reasons why you should invest in mutual funds
Read More >>

🗎 Equities, Pvt. Equity / Hedge Funds

📝  Global funds eye Blackstone's 50% in Panchshil and Salarpuria assets
📝  ASK wealth advisory arm unveils 1st private credit fund
📝  Blackstone in talks with GIC to sell stake worth $1.5-2 billion in realty JV projects
📝  Volatility, uncertainties marred fund raising via equity issues in FY23, says SEBI in annual report
📝  Qatar fund buys 2.7% stake in Adani Green for Rs 3,920 crore
Read More >>

🗎 Govt. Securities / Bonds

📝  Insurers buying into STRIPS may lead to softer G-Sec yields
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