Top Indian Banking Industry News & Updates - 18 Aug 2023,Friday
🗎 RBI / MoF / Govt. Policies
📝 RBI approves appointment of P R Seshadri as MD & CEO of South Indian Bank
📝 RBI launches UDGAM portal for searching unclaimed deposits across multiple banks
📝 RBI signals intent to soon return funds sucked via incremental CRR hike
📝 Investment cycle gaining momentum, envisaged capex to jump over 80 pc in FY24: RBI Paper
📝 RBI to launch pilot on Public Tech Platform for frictionless credit: Soon, you will get loans in minutes; how it works
📝 This new RBI portal will help find unclaimed FD, savings account money
📝 Share of non-bank entities holding G-secs increasing since Covid: RBI paper
📝 Spike in inflation: RBI calls for reforms in perishables supply chain
📝 IRCTC initiates process to apply for payment aggregator licence
📝 Banks likely to raise deposit rates to meet credit demand
📝 Economy gathering momentum in Q2: RBI
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🏦 PSB / Pvt Banks
📝 SBI offers relief to loan borrowers in Manipur
📝 HDFC Group launches life insurance, asset management services from GIFT IFSC
📝 SBI Special Fixed Deposit offering highest interest rate to senior citizens extended. Details
📝 PNB, Tata Motors Finance ink pact for co-sourcing of commercial vehicles
📝 Punjab & Sind Bank to sell two KSK loans
📝 DCB Bank cuts FD interest rates by up to 50 bps
📝 IndusInd Bank shares rise on credit card launch
📝 Indian Bank extends online locker agreement execution through DDE platform of NeSL
📝 Axis Bank to provide Kisan Credit Card, unsecured MSME loans via RBI’s Public Tech Platform
📝 Yes Bank launches all-in-one `iris’ mobile app
📝 From Axis Bank to Canara Bank: Four banks increased FD rates for senior citizens, check details
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🏦 Co-operative Banks / RRBs
📝 SMC Capitals ties up with Translink Corporate Finance to increase global footprint
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🏦 Foreign Banks / FIIs / I-Banks
📝 Private credit funds turn innovative to deliver high returns
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🏦 Development Banks
📝 ADB approves USD 40.5 million loan for childhood development, maternal mental health in Meghalaya
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💳 ATMs / Credit Cards
📝 Issuers seek relaxation on certain product categories for card network portability
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🗎 NBFCs / FIs / MFI
📝 evfin to offer financing with buyback for Ather 2-wheelers
📝 Dadheech Infra case: NCLAT upholds insolvency proceedings; flags delay by NCLT in pronouncing verdict
📝 High cost of funds, rapid growth stay concerns for SFBs
📝 RBI rejects Cred bid to boost stake in Newtap Fin
📝 Greaves Finance Ltd partners with Ather Energy
📝 Burmans hike Religare stake
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UPIs / Wallet / FinTech
📝 Airtel Payments Bank Q1FY24 revenue up 41% YoY at Rs 400 crore
📝 Fintech Vegapay raises $1.1 million led by Eximius Ventures, others
📝 Banking agents take credit and insurance offerings to last mile
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🗠 Bourses
📝 NSE Indices changes criteria to calculate price-to-book value for indices
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Crypto
📝 Bitcoin tanks below $28,700, Shiba Inu, Dogecoin fall up to 7%
📝 BitGo bucks crypto downturn to raise funding at $1.75 billion valuation
📝 Coinbase gets approval to list crypto futures in the United States
📝 CoinSwitch Ventures, GravityX Capital to launch scaleup programme for Web3 startups
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🗠 Mutual Funds / AMCs
📝 Shriram AMC to launch Shriram Multi-Asset Allocation Fund on Aug 18
📝 Bandhan Mutual Fund launches Bandhan Nifty IT Index Fund
📝 ESG funds continue to see outflow; Rs 520 crore pulled out in June quarter
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🗎 Equities, Pvt. Equity / Hedge Funds
📝 Motilal Oswal Alternates to raise Rs 2,000 crore through sixth realty fund
📝 Private equity, venture capital investments falls 5% to $3.9 billion in July: Report
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🗎 Govt. Securities / Bonds
📝 JPMorgan index may include India bonds in 2024
📝 Indian bond yields rise tracking US peers; local inflation dents sentiment
📝 Global G-Sec yields reach 15-year highs as rate-hike worries build
📝 India's OIS factors in one more rate hike; bond yields near top - traders
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