Top Indian Banking Industry News & Updates - 25 Aug 2023,Friday

🗎 RBI / MoF / Govt. Policies

📝  RBI increases upper limit of offline payment transaction to ₹500 from ₹200
📝  Need to be vigilant about evolving retail inflation trajectory: RBI
📝  I-CRR effect: Banks, NBFCs rush to raise short-term funds
📝  Promoters are clearing their dues faster under the threat of insolvency
📝  Continued supply side measures essential to prevent spiraling of food supply shocks: RBI Governor
Read More >>

🏦 PSB / Pvt Banks

📝  HDFC Bank''s asset quality continues to be stable: Senior bank official
📝  Omega Seiki Mobility partners with Punjab National Bank to boost E-3W financing
📝  Bandhan drops anchor in Delhi and Mumbai to drive growth
📝  Coming on heels of a merger, HDFC Bank now hit most by RBI’s liquidity-draining move
📝  This bank offers 9% interest on senior citizen FDs, 8.5% interest on general FDs
📝  Bandhan Bank spends Rs 160 crore to buy office space in Mumbai
📝  Action under SARFAESI Act last resort to recover loans : JK Bank MD
📝  State Bank of India may have attracted top distressed asset buyers' interest for its bad loans
📝  Modern services sectors can create 3 million jobs: Axis Bank chief economist
📝  Union Bank prices equity share at Rs 86.55 for QIP; raises Rs 5,000 crore
Read More >>

🏦 Foreign Banks / FIIs / I-Banks

📝  HSBC’s green hydrogen partnerships unveiled by FM
📝  World's First Fully Automated Investment Fund
Read More >>

💳 ATMs / Credit Cards

📝  HDFC launches co-branded credit card with Marriott Bonvoy
📝  No stress in credit card business: HDFC Bank’s Parag Rao
📝  Mastercard, Binance to end crypto card partnership
📝  BankSathi emerges as India’s third-largest credit card issuer, reinforces commitment to financial innovation
📝  Credit card spends may be brought under LRS after May 2024
📝  HDFC Bank, Marriott unveil co-branded credit card
📝  Yes Bank partners fintech company Zaggle for corporate credit card with spend management
Read More >>

🔍 Rating / Research

📝  Indian banks’ dividend to rise to at least 7-year high in FY24 – S&P report
📝  New avenues open for IDFs but risks also higher: ICRA
📝  Banking sector posts 16.2% growth in credit offtake in Q1, FY24 outlook remains positive, says CareEdge
Read More >>

🗎 NBFCs / FIs / MFI

📝  Alternate financing to capitalize on the $500 billion SME credit opportunity in India, says new report
📝  Muthoot Fincorp One platform to contribute 10% of group revenue in 3 years
📝  Reliance Commercial to infuse Rs 1,043 cr in Reliance Infra, Reliance Power
📝  Max Financial Services' promoter pares 3.6% stake for Rs 1,091 crore
📝  Unimoni, CSC ties up for air services, future expansion
📝  Manappuram Finance slips 4% after 10% equity change hands via block deal
📝  Sachin Bansal’s Navi Finserv raises ₹163 crore in securitization transaction with Citi, Northern Arc
Read More >>

UPIs / Wallet / FinTech

📝  Antfin to sell 3.6% stake in Paytm via block deal: Report
Read More >>

Crypto

📝  Bitcoin surges above $26,400 ahead of Fed's gathering at Jackson Hole; Cardano, Solana rise over 3%
Read More >>

🗠 Mutual Funds / AMCs

📝  Our focus will now be on equity and hybrid space: Edelweiss MF MD & CEO
📝  Helios Mutual Fund files draft for overnight fund
📝  MFs not liable for bad calls; L&T MF case sets template
Read More >>

🗎 Equities, Pvt. Equity / Hedge Funds

📝  Sebi issues disclosure norms for FPIs holding high Indian equity AUM
📝  SEBI to ease exit norms for PE/VC funds with illiquid assets in AIFs
📝  ‘Infra Debt Funds need robust underwriting with norms eased’
Read More >>

🗎 Govt. Securities / Bonds

📝  NHAI seeks industry views amid slow surety bond insurance products growth
📝  India bond yields end little changed before RBI policy minutes
📝  Indiabulls Housing Finance repays Rs 2,232 cr, clears all $3-billion ECBs
📝  India to hold off on green bonds sale
Read More >>

✈ International

📝  Bank of Korea holds interest rates steady, as expected
Read More >>


Corporate Office

405, TSL Corner
Local Shopping Complex
Sector G Mayur Vihar Phase III
Delhi - 110096, India

Contact

contact@nurcmedianext.com
nurcmnx@gmail.com
nurcmedianext@gmail.com
+91-11-49849324, +91-9958949710