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
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