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
Read More >>
🏦 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
Read More >>
🏦 Co-operative Banks / RRBs
📝 Saraswat Cooperative Bank to sell LIC products under bancassurance tie-up
Read More >>
🏦 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
Read More >>
💳 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
Read More >>
🔍 Rating / Research
📝 Is the market share growth in NBFCs and MFIs vis-a-vis banks sustainable? Gaurav Dixit answers
Read More >>
🗎 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
Read More >>
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
Read More >>
🗎 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
Read More >>
🗎 Govt. Securities / Bonds
📝 Central Bank may raise ₹1,500 cr via bonds next week
Read More >>
✈ International
📝 US Fed prepared to raise interest rates higher to bring down inflation: Jerome Powell
Read More >>