Top Indian Banking Industry News & Updates - 21 Aug 2023,Monday
🗎 RBI / MoF / Govt. Policies
📝 RBI’s new rules may increase your EMIs, make it difficult to get home loans for some
📝 Banks request RBI to allow them to extend silver metal loans to jewellery manufacturers
📝 Investment cycle appears to be poised to gain momentum going ahead: RBI
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🏦 PSB / Pvt Banks
📝 Yes Bank receives redemption amount of ₹230 crore in Security Receipts Portfolio
📝 IDBI divestment to be pushed to next fiscal; divestment target unlikely to be met
📝 SBI eyes Mumbai flats for execs
📝 This bank announces a 100% waiver of processing charges for home, and auto loans for these customers
📝 BoB to auction Sunny Deol’s Juhu property to recover ₹56 cr
📝 Equitas Small Finance Bank to venture into credit cards, personal loans segment
📝 Universal banking on Ujjivan radar after reverse merger: Ittira Davis, MD & CEO, Ujjivan Small Finance Bank
📝 Corporate NPA addition slows, loan recoveries may have peaked
📝 Attrition challenge mainly in Jr management; will pursue inorganic growth opportunities: Kotak Mahindra Bank
📝 HDFC Bank: Rebound in retail; deposit mobilisation critical for bank’s liability transition
📝 Gaja Capital, Piramal Alternatives-led consortium in race for Nainital Bank
📝 J&K Bank sacks Chief Manager Sajad Bazaz for ‘State’s security interests’
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🏠 Housing Finance
📝 PNB Housing Finance recovers NPA account of ₹784 crore, resolved through ARC sale: Report
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💳 ATMs / Credit Cards
📝 Punjab & Sind Bank aims for 4,000 branches, ATMs by March 2026
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🗎 NBFCs / FIs / MFI
📝 Jio Financial to list on Monday; analysts see premium listing
📝 India story is good, but the market is also well-priced: Raamdeo Agrawal
📝 HDFC Cap, TVS Emerald JV in talks to ink three land deals
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UPIs / Wallet / FinTech
📝 Airtel Payments targets topline growth of over 40%
📝 Sachin Bansal’s Navi set to launch UPI payments
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🗠 Mutual Funds / AMCs
📝 Favourable tax regime adds sheen to arbitrage funds
📝 Mutual Funds: Lower costs drive passive funds; the lower the tracking error, the higher are the index fund’s returns
📝 We've favoured small caps since start of the year: CEO Invesco Mutual Fund
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🗎 Equities, Pvt. Equity / Hedge Funds
📝 FPIs infuse Rs 8,400 crore in equities this month on global uncertainty, China concerns
📝 360 One to set up sector-focused private equity funds
📝 Sebi plans to bring follow-on offer rules for REITs, InvITs
📝 Sorin Investments’ maiden fund raises over Rs 1000 crore
📝 ICICI Venture hits final close of fifth PE fund at ₹3,000 cr
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🗎 Govt. Securities / Bonds
📝 OIS rate surge hints tighter monetary policy's here to stay
📝 Bond investors brace for supply freight train before Fed confab
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