Top Indian Banking Industry News & Updates - 28 Aug 2023,Monday
🗎 RBI / MoF / Govt. Policies
📝 Govt considers raising retirement age for PSU bank chiefs by 2 years
📝 RBI in tight spot as interest rate differential with US narrows
📝 Govt calls meeting of states, bank officials on 'PM Vishwakarma' on Monday
📝 Banks working on digitising locker agreements
📝 Banks can put money into stalled real estate projects to make them viable
📝 RBI asks NBFCs to strengthen governance standards
📝 RBI curbs excess liquidity amid war against inflation
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🏦 PSB / Pvt Banks
📝 Extension proposal only for select MDs and CEOs at PSBs
📝 SBI chief Dinesh Khara likely to get extension as govt mulls relaxing retirement age of PSB heads, MDs
📝 Gap funding needed: Kotak Mahindra Bank CEO Uday Kotak
📝 Airtel Payments Bank, Mastercard and Frontier Markets partner to support 1 lakh women-owned small businesses
📝 Banks won't auction stressed loans covertly
📝 Karur Vysya Bank strengthens branch network
📝 Countries can learn financial inclusion from India and move much faster: SBI chairman Dinesh Kumar Khara
📝 SBI’s Chennai SME branch moves to a new premises
📝 Ujjivan Small Finance Bank to hire 4.8K personnel in FY24
📝 Over 50 crore accounts opened under PM Jan Dhan Yojana, deposits cross Rs 2.03 lakh crore
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🏠 Housing Finance
📝 Bajaj Housing Finance seeks more time to list on bourses
📝 Home Loan Protection: Prefer term plan over mortgage cover
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🗎 NBFCs / FIs / MFI
📝 IndoStar Capital sells two builder loans to Phoenix ARC
📝 PFC, DVC ink ₹4,527-crore loan agreement for Raghunathpur Phase-2 project
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UPIs / Wallet / FinTech
📝 A ‘sound’ innovation in the fintech space
📝 India in talks for UPI expansion in Africa
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Crypto
📝 India spearheads global crypto regulatory framework under G20 presidency
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🗠 Mutual Funds / AMCs
📝 Constructing Mutual Fund Portfolio: Large Cap vs Mid Cap vs Small Cap Schemes – How to Decide?
📝 Credent arm plans realty fund
📝 Upstox mulls entry into lending, insurance to boost growth
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🗎 Equities, Pvt. Equity / Hedge Funds
📝 M&As likely to witness a strong comeback as PEs bet more cash in India
📝 FPIs invest Rs 10,689 cr in August; pace of investment slows
📝 Overcrowding of private credit funds leading to underpricing of risk
📝 PE/VC funding past$1 billion last week; deal volume up too
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✈ International
📝 EM funding gets creative as dollar bonds dry up
📝 JPMorgan sees ‘limited downside’ for crypto near term after bitcoin’s recent rout
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