Top Indian Banking Industry News & Updates - 22 Aug 2023,Tuesday
🗎 RBI / MoF / Govt. Policies
📝 Central Vigilance Commission reconstitutes advisory board on bank frauds
📝 Overnight call money rate hardens beyond MSF rate
📝 'RBI nudges banks to settle UAE trades in rupee, dirham'
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🏦 PSB / Pvt Banks
📝 Bank of Baroda clarifies why it took down Sunny Deol's property auction notice
📝 Canara Bank launches UPI Interoperable Digital Rupee mobile application
📝 This savings account gives you higher-interest rates, monthly interest credits, and digital features to help you grow your investment
📝 HDFC wants to ride India consumer boom after home loan dominance
📝 AU Small Finance Bank set to maintain its industry-leading loan growth
📝 HDFC Bank plans to double balance sheet in 4-5 years
📝 Tamilnad Mercantile Bank partners with fintech platform Jocata for digital loans to MSMEs
📝 Union Bank of India's board approves raising ₹5,000 crore via QIP
📝 SBI chief Dinesh Khara likely to get 10-month extension
📝 Ujjivan Small Finance Bank to move RBI for universal bank status
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🏠 Housing Finance
📝 IIFL Home Finance secures $100 mn loan from IFC
📝 HDFC wants to ride India's consumer boom after home loan dominance
📝 Poonawalla Housing Fin stake sale leads to rating downgrade
📝 SRG Housing Finance gets listed on NSE, eyes ₹750 crore AUM by FY25
📝 PNB Housing Finance jumps 8% on recovery of Rs 784 crore corporate NPA
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💳 ATMs / Credit Cards
📝 We are assessing M&A opportunities: CMS Info Systems
📝 OneCard is lifetime-free but this metallic credit card has no sheen
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🗎 NBFCs / FIs / MFI
📝 Retail, MSME bad loans match ARCs' corporate purchases
📝 Jio Financial Services to optimise digital opportunities: Chairman K.V. Kamath
📝 Muthoot Finance launches Bharosa India Ka campaign featuring Madhuri Dixit
📝 Jio Fin: More digital focus; Management to strengthen team to fuel the company’s growth
📝 Bajaj Finance FD book crosses ₹50,000-crore milestone
📝 Indel Money post Rs. 21 crore profit in Q1 of FY24
📝 Jio Financial lists on D-St, falls 5% on expected passive fund selling
📝 5 NBFCs offering up to 9% FD interest rate for senior citizens
📝 We see huge scope to grow in new geographies for housing finance: Umesh Revankar, Shriram Finance
📝 Jio Financial shares hit 5% lower circuit on mkt debut
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UPIs / Wallet / FinTech
📝 Paytm eyes India-scale AI system; fintech investing to build AI-based software stack
📝 Abhay Lodha of Topworth Group: Transforming Fintech Industry with AI
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🧔 Brokers / Distributors
📝 Yes Securities launches a ready reckoner AARAMBH
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Crypto
📝 Kenya marks Worldcoin as a potential threat to security
📝 Crypto plunge gives Indian investors the jitters
📝 Bitcoin holds above $26,100; Litecoin, Tron surge up to 3%
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🗠 Mutual Funds / AMCs
📝 Ten best reasons to invest in mutual funds
📝 Mutual Fund Investment: Meet the top equity SIP performer. And the winner is…
📝 ICICI Prudential Value Discovery Fund completes 19 years
📝 Mahindra Manulife Mutual Fund launches Mahindra Manulife Business Cycle Fund
📝 Focus on diversified funds with 5-7 years timeframe, says Anthony Heredia
📝 Nippon India, IPru MF's EPFO play gets going; move to help shore up AUM
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🗎 Equities, Pvt. Equity / Hedge Funds
📝 12 equity schemes offer more than 15% in both three, five years
📝 FPIs' investment value in Indian equities gains 20% to USD 626 bn in June quarter
📝 FIIs continue selling spree, offload ₹1,901 crore in Indian equities on global headwinds; DIIs invest ₹626 crore
📝 Sharp rise in remittances for equity purchases, gifts under LRS in June
📝 Global bankers join AIFs amid investors chasing high yields
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🗎 Govt. Securities / Bonds
📝 Power Grid eyes up to Rs 1,900 crore via bond sale
📝 FPIs trim government bond holdings on rising global rate concerns
📝 ICRA Analytics, Bloomberg tie up for domestic bond valuation data
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✈ International
📝 Citi considers plan to split Institutional Clients Group in overhaul
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