Top Indian Banking Industry News & Updates - 26 Aug 2023,Saturday

🗎 RBI / MoF / Govt. Policies

📝  RBI Guv Shaktikanta Das asks NBFCs to strengthen governance standards
📝  RBI Governor meets top NBFC heads on unsecured loans, high bank borrowings
📝  FM Nirmala Sitharaman launches HSBC India’s Green Hydrogen partnerships
📝  Finance Minister Nirmala Sitharaman stresses India's strength amid global economic concerns
📝  FM Sitharaman advise to Central Banks: Keep growth priority in mind
📝  RBI gets tepid response to 14-day VRRR auction
📝  RBI enhances transactions limits for small value digital payments to ₹500. Details here
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🏦 PSB / Pvt Banks

📝  SBI launches Aadhaar-based enrolment for social security schemes
📝  BCCI awards title sponsorship rights to IDFC First for Rs 235 crore
📝  B20 Summit: Covid boosted adoption of digital financial services, says Dinesh Khara, SBI Chairman
📝  State Bank of India set to measure carbon risk of its Rs 33 trn loan book
📝  HDFC Bank aims to reach 2.25 lakh villages by next March
📝  Karur Vysya Bank opens 10 new branches in the South
📝  Mint Explainer: Why are bank employees quitting in droves?
📝  HDFC Bank vs ICICI Bank vs PNB: Which offers best FD interest rates for deposits below Rs 2 crore
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🏦 Co-operative Banks / RRBs

📝  Saraswat Cooperative Bank to sell LIC products under bancassurance tie-up
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🏦 Foreign Banks / FIIs / I-Banks

📝  DBS partners with Maptrasco to complete the first eBL transaction between India and Singapore
📝  US-based Ethos Asset Management to open India account with $22 mn loans to construction firms
📝  FIIs sold Rs 6,900 crore worth shares in 5 sectors in August. Are bulls showing signs of fatigue?
📝  Debt pause clause soon to be taken up for board approval: World Bank CFO
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💳 ATMs / Credit Cards

📝  Doesn’t make economic sense to duplicate cards: HDFC Bank on network portability
📝  HDFC Bank launches India's first co-brand hotel credit card with Marriott Bonvoy. Know about the benefits
📝  Mastering credit card usage: 3 effective strategies for responsible repayment
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🔍 Rating / Research

📝  Is the market share growth in NBFCs and MFIs vis-a-vis banks sustainable? Gaurav Dixit answers
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🗎 NBFCs / FIs / MFI

📝  Reliance Capital sells 45% stake in home finance arm for Rs 54 crore
📝  All eyes on Jio Financial Services in the upcoming Reliance Industries Limited AGM
📝  B20 Digital Transformation Task Force recommends easy finance for MSMEs, harmonising cybersecurity frameworks across G20 countries
📝  SC refuses to stay NCLT proceedings looking to approve Hinduja's resolution plan to acquire Reliance Capital
📝  Jio Financial Services shares recover after hitting lower circuit limits for five days
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UPIs / Wallet / FinTech

📝  Ant Group sells 3.6% stake in Paytm for Rs 2,037 crore
📝  FSS announces launch of its new payments technology platform 'Blaze'
📝  Digital payments move beyond scan to pay
📝  One-stop B2B digital platform for MSMEs launched
Read More >>

🗠 Mutual Funds / AMCs

📝  Motilal Oswal MF buys stake in Jio Financial for Rs 754 crore in bulk deal
📝  Officers’ association alleges violation of listing norms at UTI AMC
📝  HDFC Mutual Fund launches HDFC Technology Fund. Should you invest?
📝  22 ELSS funds multiplied investors’ wealth by almost two times in three years
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🗎 Equities, Pvt. Equity / Hedge Funds

📝  India VC funding sees drastic downturn during January-July 2023, posts 42.9% decline in deal volume, says GlobalData
📝  Top insurers allotted over 5% equity shares in Union Bank’s Rs 5,000 crore QIP issue
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🗎 Govt. Securities / Bonds

📝  Central Bank may raise ₹1,500 cr via bonds next week
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✈ International

📝  US Fed prepared to raise interest rates higher to bring down inflation: Jerome Powell
Read More >>


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