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
Read More >>

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%
Read More >>

🗠 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
Read More >>

✈ International

📝  Citi considers plan to split Institutional Clients Group in overhaul
Read More >>


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