Top Indian Banking Industry News & Updates - 17 Aug 2023,Thursday
🗎 RBI / MoF / Govt. Policies
📝 Micro loans, fall in delinquencies drove MSME lending in FY23
📝 RBI could extend incremental CRR to rein in liquidity
📝 FM invites JBIC for engagement with NIIF, EXIM Bank of India
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🏦 PSB / Pvt Banks
📝 Large PSU banks step up lateral hirings from pvt sector; aim at improving tech prowess, bring specialised talent on board
📝 IDBI Bank extends Amrit Mahotsav special FDs’ last date
📝 HDFC Bank, ICICI Bank, and Canara are among five banks that have hiked lending rates this month. Check full list here
📝 Citi appoints Gunjan Kalra as Asia Pacific Head of CCB
📝 Banks may ease lending norms for solar units
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🏠 Housing Finance
📝 Repco Home Finance eyes Rs 14,000 cr AUM this FY: MD & CEO
📝 Rise in home loan rates: Ahmedabad most affordable, Mumbai expensive, says report
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💳 ATMs / Credit Cards
📝 Abhijit Chakravorty assumes charge as SBI Card’s MD and CEO
📝 SBI Card announces linking of credit cards on RuPay platform with UPI
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🔍 Rating / Research
📝 Ebbing Covid impact on economy strengthens Indian banks' operating environment, Fitch says
📝 Operating environment for Indian banks has improved: Fitch Ratings
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🗎 NBFCs / FIs / MFI
📝 Banks' lending to NBFCs jumps 35 per cent to Rs 14.2 lakh crore in June: Report
📝 Srei twins resolution plan: Authum appeals against NCLT order
📝 SBFC Finance shares list at healthy premium. What should investors do?
📝 Light Microfinance, IppoPay to offer digital loans to MSMEs
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UPIs / Wallet / FinTech
📝 Alibaba's Antfin transfers 10.3% stake to Paytm chief Vijay Shekhar Sharma
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🗠 Bourses
📝 NSE asks for data to track F&O traders' locations during pandemic
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Crypto
📝 Bitcoin falls below $29,200, Polygon, Solana shed up to 6%
📝 GravityX Capital collaborates with CoinSwitch Ventures to unveil Web3.0 initiative called LevitateX
📝 SEI token reaches a valuation of $1.8 billion
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🗠 Mutual Funds / AMCs
📝 There’s a lot of opportunities in growth, acquisition financing: Eshwar Karra, CEO, Strategic Situations Fund, Kotak Alternate Asset Managers
📝 NJ Mutual Fund launches NJ Flexi Cap Fund
📝 Union Mutual Fund launches Union Innovation & Opportunities Fund
📝 Market will be volatile in short-term: Deepak Ramaraju, Shriram AMC
📝 Share of large-cap funds in equity MF assets hits record low in July
📝 MF industry to double its AUM in next 5 years: Axis MF CIO
📝 Mirae Asset India chief bets big on India’s growth story
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🗎 Equities, Pvt. Equity / Hedge Funds
📝 We still have enough dry powder to deploy in India: Baring EQT CEO Jean Salata
📝 It is the responsibility of parents to start investing early on behalf of their children: Kalpen Parekh
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✈ International
📝 Federal Reserve still sees significant inflation risk that may merit more rate hikes, minutes show
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