Top Indian Banking Industry News & Updates - 24 Aug 2023,Thursday
🗎 RBI / MoF / Govt. Policies
📝 Banks report robust credit, deposit growth in fortnight ended Aug 11
📝 RBI will keep a watch on price stability, says Das
📝 RBI asks some banks not to take fresh NDF arbitrage bets
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🏦 PSB / Pvt Banks
📝 India's state-owned payments bank plans to double income in FY24 - MD Venkatramu
📝 Fincare SFB reports Rs 97-crore net profit in Q1FY24, against Rs 48.69-crore net loss in year-ago period
📝 Bandhan Bank announces entry into co-lending business, to tie up with NBFCs
📝 Bandhan Bank opens branch in Leh, Ladakh; celebrates 8th foundation day
📝 This bank offers 9% interest on senior citizen FDs, 8.5% interest on general FDs
📝 Gun jumping: CCI slaps ₹40 lakhs penalty on Axis Bank
📝 Fixed deposits interest rates: These 6 banks offer higher than 7% on their FDs
📝 RBL Bank increases savings account interest rates up to 150 basis points
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🏦 Foreign Banks / FIIs / I-Banks
📝 Housing demand has power to unlock economy's potential: HDFC Bank Director
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🏠 Housing Finance
📝 SRG Housing Finance plans to surpass Rs 1,000 cr AUM in 3-4 next years
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💳 ATMs / Credit Cards
📝 HDFC Bank Swiggy Credit Card offers 10% cashback, higher than most cashback credit cards; is it a good deal?
📝 Mastercard signs up as ICC sponsor for 2023 World Cup
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🔍 Rating / Research
📝 Bank credit to grow 13-13.5 pc in FY24: CARE Ratings
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🗎 NBFCs / FIs / MFI
📝 Muthoot Fincorp Ltd launches all-in-one app for financial services
📝 First time in 4 years, MFIs overtake banks in microlending with 40 pc share
📝 HDFC Capital, HoABL form ₹1,500-cr JV for low-rise projects
📝 In next 5 years, CreditAccess Grameen can grow 20-25% CAGR and Rs 50,000-crore AUM: MD
📝 Suryoday in no hurry to apply for a banking license
📝 Rural economy indicators in green: Muthoot Fincorp One CEO
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UPIs / Wallet / FinTech
📝 PayPal moves Delhi High Court against order holding it as payment system operator under money laundering law
📝 PhonePe partners with Cloudera to help with data management practices
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Crypto
📝 Bitcoin hold above $26,000; Shiba Inu, BNB surge over 3%
📝 Crypto taxation-based Descrypt unveils its AI-oriented Notice Mitra platform
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🗠 Mutual Funds / AMCs
📝 LIC MF eyes managing Rs 27,000 cr assets in FY24
📝 Market could go through a period of consolidation, says Balasubramanian of ABSL AMC
📝 From Jio Financial to Zerodha, Indian asset managers go "passive"
📝 How Axis Mutual Fund plans to turn around its ship now
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🗎 Equities, Pvt. Equity / Hedge Funds
📝 WestBridge Capital Co-Founder buys sea-view luxury pad in Mumbai’s Worli for Rs 96 cr
📝 Favourable tax regime adds sheen to arbitrage funds
📝 Baring PE to sell 27% stake in Coforge worth Rs 7,400 cr via block deals
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✈ International
📝 Cryptoassets increase risk in developing economies, study says
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