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
Read More >>

🏦 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
Read More >>

🗎 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
Read More >>

✈ International

📝  Credit Suisse shareholders to file suit over UBS merger
Read More >>


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