Top Indian Banking Industry News & Updates - 14 Aug 2023,Monday
🗎 RBI / MoF / Govt. Policies
📝 NRIs and PIOs knock on RBI’s doors to transfer inheritance
📝 NPA provisioning of banks increases sequentially in Q1 driven by select lenders
📝 Directors' special: Why independent directors matter for bank boards
📝 RBI to use AI for better supervision; McKinsey, Accenture bag contract
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🏦 PSB / Pvt Banks
📝 Bank of Maharashtra slashes home, car loan rate by up to 20 bps
📝 Bank of Maharashtra tops PSU lenders chart in loan, deposit growth in Q1
📝 Mcap of seven of top 10 firms falls by ₹74,603 cr; HDFC Bank biggest laggard
📝 Transfer of bad loans from banks to NARCL hits indemnity hurdle now
📝 For a buyer, IDBI will have pleasant surprises: Rakesh Sharma
📝 Nine executives from SBI, arms in race to become Bank MD
📝 Canara Bank hikes MCLRs, updates Repo Linked Lending Rates; check latest loan interest rates
📝 We aim to become all-round bank with various products: CSB Bank MD
📝 December may see banks switch to five-day workweek
📝 Rising credit-to-deposit ratio may pose problems for some banks
📝 SBI customers face trouble in paying Loan EMI. Bank responds to multiple complaints
📝 SBI’s customer service points to touch 1 lakh by March 31, 2024
📝 Merger to boost fund flow to affordable housing, farm, MSMEs: HDFC Bank Chairman
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🏦 Foreign Banks / FIIs / I-Banks
📝 Deutsche Bank’s Go Airlines loans settled out of court
📝 Millennials, Gen Z driving luxury spending in India, says Amex India chief Sanjay Khanna
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🏠 Housing Finance
📝 HDFC Bank home loan biz to benefit from low cost of funds
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🗎 NBFCs / FIs / MFI
📝 NARCL likely to wind up Srei group's equipment finance arm; retain SIFL for business continuity
📝 Hero FinCorp in talks with I-banks for Rs 4,000-crore IPO
📝 Bajaj Finance records 50,000 crore in fixed deposits in July 2023
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UPIs / Wallet / FinTech
📝 AI-powered fraud detection: Strengthening security in fintech
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🗠 Bourses
📝 Reliance Industries seeks bourses nod for listing of JFSL
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Crypto
📝 Role of Bitcoin in the global financial system
📝 How crypto is the modern path to financial independence
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🗠 Mutual Funds / AMCs
📝 MFs take to RBL after M&M investment
📝 Samir Arora reveals NFO launch date of Helios Mutual Fund and other details
📝 ‘Will deploy over $1 bn in India over five years’: Ethos founder and chief executive Carlos Santos
📝 We are in a world of moderate returns: ICICI Prudential AMC's S Naren
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🗎 Equities, Pvt. Equity / Hedge Funds
📝 After short breather; FPIs invest in equities on global uncertainty, concerns over China
📝 FPI investments muted in August so far
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✈ International
📝 Credit Suisse shareholders to file suit over UBS merger
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