Top Indian Banking Industry News & Updates - 16 Aug 2023,Wednesday

🗎 RBI / MoF / Govt. Policies

📝  RBI to launch pilot for 'Public Tech Platform' on Aug 17
📝  Additional CRR may hit banks’ interest income only a tad
📝  Deposit boom with Rs 2,000 notes may not last: Bankers
📝  CPI spurts past 7%, but RBI may have option to hold off hikes
📝  Imposing ICRR may prompt banks to raise deposit rates
📝  Govt to soon launch scheme for those who want to own house in cities, says PM Modi
📝  Banks redeem ₹3,000 crore from liquid schemes for I-CRR compliance
📝  RBI to pilot public tech platform to aid lenders
📝  Last mile connectivity in remote areas set for a boost with IDRBT’s LoRa technology
Read More >>

🏦 PSB / Pvt Banks

📝  Punjab & Sind Bank plans to double ATM network to 1,600 in next two years
📝  HDFC merger helps boost credit offtake to 19.7 per cent in fortnight ended Jul 28: Report
📝  SBI to open 300 branches across country this year
📝  Robust profit growth for banks in Q1 amid higher credit offtake
📝  Banks spend big on new hires, technology as operating expenses increase in recent years
📝  Banks line up festive season deals ahead of Independence day
📝  Karnataka Bank to cast digital net wide
📝  Bottom line to dictate business at Bank of India: Rajneesh Karnatak
📝  Axis Bank, Canara Bank revise fixed deposit interest rates. Check latest FD rates here
Read More >>

🏦 Co-operative Banks / RRBs

📝   RBI imposes monetary penalty on 4 co-operative banks. Details here
Read More >>

🏠 Housing Finance

📝  Repco Home Finance aims ₹14,000 crore in AUM by FY24
Read More >>

🔍 Rating / Research

📝  India's per capita income to rise 7.5-times by FY47: SBI Research
Read More >>

🗎 NBFCs / FIs / MFI

📝  Poonawalla Fincorp appoints Kumar Gaurav as chief marketing officer
Read More >>

UPIs / Wallet / FinTech

📝  How contactless payments are becoming a transformational force for small retailers
📝  Intuit executive Alex Chriss to become president and CEO of PayPal
📝  PayPal keen to leverage AI for security solutions
📝  The impact of digital transformation on the finance industry
Read More >>

Crypto

📝  A Crypto Mystery: Who Controls This Fast-Growing Stablecoin?
Read More >>

🗠 Mutual Funds / AMCs

📝  Axis AMC launches private credit fund; eyes Rs 1,250 cr corpus
📝  Now there's greater diversity in way funds are managed at HDFC MF: Setalvad
📝  ‘Finfluencers should not mislead public’
📝  ‘MF industry to double its AUM in next 5 years’
📝  Mirae Asset India chief bets big on India’s growth story
Read More >>

🗎 Equities, Pvt. Equity / Hedge Funds

📝  There is nothing called ‘defensive’ in equities, says Siddharth Oberoi of Prudent Equity
Read More >>

🗎 Govt. Securities / Bonds

📝  AMC scouting for corp bond repo participants
Read More >>

✈ International

📝  Fitch warns it may downgrade many US banks, including JPMorgan
📝  Binance files for protective order against SEC
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