Top Indian Banking Industry News & Updates - 11 Aug 2023,Friday
🗎 RBI / MoF / Govt. Policies
📝 RBI sits on pause for 3rd time in a row, keeps repo rate unchanged at 6.5%
📝 RBI asks banks to set aside incremental CRR
📝 RBI raises FY24 inflation forecast to 5.4%; flags need to go beyond keeping Arjuna's eye amid galloping food prices
📝 Reset of floating rate home loan EMIs to get more transparent, option to switch to fixed interest rate soon: RBI
📝 Have a policy for bad loan write-offs, focus efforts on recovery: RBI to banks
📝 RBI relaxes infrastructure debt funds guidelines
📝 Monetary Policy Committee decisions: Full view of what happened at RBI's August policy meeting
📝 RBI monetary policy: The liquidity lever may prove to be better price tamer
📝 NBFC-IDFs do not need sponsors, says RBI
📝 Would like banks to double efforts on recovery of written-off loans: RBI
📝 RBI not ‘unduly concerned’ about Russian investments in G-secs, says Das
📝 RBI’s arm developing digital public tech platform to enable frictionless credit delivery
📝 Incremental CRR to exert upward pressure on deposit and lending rates
📝 Buffers are best built up during tranquil and good times: Guv to regulated entities
📝 RBI Monetary Policy Highlights: MPC keeps repo rate unchanged at 6.5%; inflation for FY24 pegged at 5.4%
📝 Conditions favourable for private investment to pick up: RBI Governor
📝 Hawkish RBI maintains status quo
📝 New 10% incremental cash reserve requirement could suck in Rs 1 lakh crore from circulation
📝 RBI, repo rate and tomatoes: A hawkish Das upsets the 'peak rate' narrative
Read More >>
🏦 PSB / Pvt Banks
📝 Banks cautious on lending to small businesses despite high demand, lower NPAs
📝 Suryoday Small Finance Bank Q1 results: Profit jumps six-fold to ₹47.6 crore
📝 Karur Vsysa Bank raises lending rate by 0.15 per cent
📝 Five day work week for banks gets IBA nod
📝 ICRR a temporary measure and won’t have too much impact on us: Ashwini Kumar Tewari, SBI
📝 RBI’s policy communication nuanced, says SBI’s Khara
Read More >>
🏠 Housing Finance
📝 New guidelines soon on banks resetting tenor & EMI of your home loans
📝 Repo pause may support housing market growth in festive season
Read More >>
💳 ATMs / Credit Cards
📝 SBI Card enables RuPay credit cards on UPI
📝 Mastercard targets 5 lakh small businesses for digital tech adoption by 2025 under new programme
Read More >>
🗎 NBFCs / FIs / MFI
📝 Max Financial Services shares surge 10% on promoter Axis Bank’s stake purchase, Q1 earnings
📝 Manappuram Finance Q1 results: Profit rises 76% on gold loan demand
📝 Cholamandalam Financial Q1 consolidated net rises 36% to ₹792 crore
Read More >>
UPIs / Wallet / FinTech
📝 More countries, including Japan, a few from the West, interested in UPI linkages: RBI
📝 RBI raises per transaction limit for UPI Lite to Rs 500 from Rs 200 to promote digital transaction
📝 Soon, AI will let you make a UPI payment using voice
📝 Will take 2 years before we move from a payments bank to a SFB: Rishi Gupta, Fino Payments Bank
Read More >>
Crypto
📝 Ministry of Electronics & Information Technology intends to add crypto tokens to its national web browser plan
📝 Bitget hosts blockchain for youth in Mumbai to spread emerging tech awareness in India
📝 Binance becomes a licensed crypto exchange in El Salvador
Read More >>
🗠 Mutual Funds / AMCs
📝 SIP inflows cross Rs 15,000 crore in July
📝 Helios Capital gets SEBI nod to enter MF business
📝 Nippon Life Innovation Fund NFO: Should you invest?
📝 HSBC Mutual Fund launches HSBC Consumption Fund
📝 Parag Parikh Mutual Fund files draft for arbitrage fund
📝 Profit-booking at highs slows flows into active equity funds
📝 Mutual fund managers decode RBI rate pause for investors
Read More >>
🗎 Equities, Pvt. Equity / Hedge Funds
📝 CapitaLand Investment launches ₹3,261-cr fund to invest in India
📝 PE Investment in Indian Realty recorded at $1.92 bn in Q2, up 60%
📝 Actis to buy Patel Infra’s 5 roads for around $91 mn
📝 Equity Market remains under pressure as RBI increases inflation estimate and CRR for Banks
Read More >>
🗎 Govt. Securities / Bonds
📝 Bond yields soften as RBI move eases debt supply concerns
📝 Framework in the works for integrity of benchmarks
Read More >>