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
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🏦 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
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🏦 Foreign Banks / FIIs / I-Banks
📝 Star Health and Allied Insurance enters into bancassurance tie-up with Standard Chartered Bank
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🏠 Housing Finance
📝 Disbursements set to rise after fall for three quarters, says LIC Housing MD
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💳 ATMs / Credit Cards
📝 India1 Payments to look beyond white label ATMs
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🗎 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
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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
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🧔 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
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Crypto
📝 Crypto-based businesses exceed Q2 predictions to secure profits
📝 Bitcoin holds above $29,000; Shiba Inu, XRP fall up to 5%
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🗠 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
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🗎 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
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🗎 Govt. Securities / Bonds
📝 Insurers buying into STRIPS may lead to softer G-Sec yields
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