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
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🏦 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
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🏦 Co-operative Banks / RRBs
📝 RBI imposes monetary penalty on 4 co-operative banks. Details here
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🏠 Housing Finance
📝 Repco Home Finance aims ₹14,000 crore in AUM by FY24
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🔍 Rating / Research
📝 India's per capita income to rise 7.5-times by FY47: SBI Research
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🗎 NBFCs / FIs / MFI
📝 Poonawalla Fincorp appoints Kumar Gaurav as chief marketing officer
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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
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Crypto
📝 A Crypto Mystery: Who Controls This Fast-Growing Stablecoin?
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🗠 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
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🗎 Equities, Pvt. Equity / Hedge Funds
📝 There is nothing called ‘defensive’ in equities, says Siddharth Oberoi of Prudent Equity
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🗎 Govt. Securities / Bonds
📝 AMC scouting for corp bond repo participants
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✈ International
📝 Fitch warns it may downgrade many US banks, including JPMorgan
📝 Binance files for protective order against SEC
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