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
Read More >>

✈ International

📝  Federal Reserve still sees significant inflation risk that may merit more rate hikes, minutes show
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