Top Indian Banking Industry News & Updates - 23 Aug 2023,Wednesday

🗎 RBI / MoF / Govt. Policies

📝  Incremental CRR effect: Banking system liquidity swings into deficit mode
📝  RBI reluctant to hand out NBFC licenses to fintechs with common PE investors
📝  Bank retirees worry over delay in pension updation after 30 years of ‘enabling provision’
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🏦 PSB / Pvt Banks

📝  India's banking system liquidity slips into deficit first time in FY24
📝  Kotak Bank targets 100K user base for arm Fyn by FY24-end
📝  Total banking transactions at GIFT IFSC reach USD 508 billion by July 2023
📝  Sunny Deol has approached bank to settle Rs 56-crore dues: BoB
📝  IndusInd Bank launches ‘NRI homecoming festival’ for its NRI customers in Kerala
📝  Current investment climate and overall banking scenario in India very good: Rajnish Kumar
📝  We are on right path as far as growth is concerned: Srikrishnan H, Karnataka Bank
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🏦 Foreign Banks / FIIs / I-Banks

📝  Citi dealmaking head for South Asia and India Ravi Kapoor retires
📝  DBS Bank collaborates with leading Indian badminton players
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🏠 Housing Finance

📝  IIFL Home Finance to focus on growth in smaller cities: CEO
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💳 ATMs / Credit Cards

📝  Flight Booking: Axis Bank Credit Card to offer zero convenience fee, discount up to Rs 1200 on Cleartrip
📝  Card payments in India to hit Rs 27.9 trillion mark in 2023: GlobalData
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🗎 NBFCs / FIs / MFI

📝  LIC acquires 6.660% shareholding in Jio Financial Services through demerger action
📝  Creditors see better rate of recovery from large firms
📝  Holding firmly to the strategy of doubling book by 2025, says M&M Finance’s Ramesh Iyer
📝  Microfinance industry is expected to grow at 28% in FY24: CareEdge
📝  Jio Financial's exclusion from key indices deferred
📝  Jio Financial Services: Here is what CSLA says about JFS plan to enter insurance sector
📝  Profectus Capital sees loan book at ₹4,500 crore this fiscal
📝  CreditAccess Grameen expects around 25% growth on loan sales in FY24
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UPIs / Wallet / FinTech

📝  Tier-3 cities accounted for 40% of digital loan disbursements in FY23
📝  Digital payments: Breaking the code of the modern marketplace
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🧔 Brokers / Distributors

📝  ‘Local relationships matter more in tier-2, 3 markets’, Ajay Menon, MD & CEO (Broking and Distribution), Motilal Oswal Financial Services
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🗠 Bourses

📝  BSE, NSE impose Rs 2.24 lakh fine each on Adani Green Energy for non-compliance
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Crypto

📝  Bitget launches crypto trading tournament: Tesla, Helicopter and $2.6M in prizes
📝  Cryptoverse – US retail traders eye a fresh piece of the crypto derivatives pie
📝  Digital assets and mainstream adoption: Changing paradigm of personal finance
📝  Bitcoin holds above $26,000; Shiba Inu, Polygon shed over 4%
📝  CoinDCX lays off 12% of workforce
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🗠 Mutual Funds / AMCs

📝  SBI Funds completes liquidation of assets in Franklin Templeton MF’s six debt schemes
📝  AMFI invites application for new chief executive
📝  Next generation companies will drive growth: A Balasubramanian
📝  CAMSfinserv onboards 17 AMCs on account aggregators platform
📝  MFs cut expense ratio, share of equity to woo conservative investors
📝  Navi Mutual Fund launches Navi S&P BSE Sensex Index Fund
📝  ‘Looking only at past returns and expense ratio, you could miss the other vital aspects’
📝  Silver funds lose 6.48% in one month. What should investors do?
📝  Unveiling the investment strategy of PPFAS MF's Raunak Onkar
📝  Mutual Funds investor might have to pay extra for direct plans after SEBI's this decision
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🗎 Govt. Securities / Bonds

📝  ICRA Analytics to share bond valuation data on Bloomberg terminal
📝  'BRICS bank' aims to issue first Indian rupee bond by October
Read More >>


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