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
Read More >>

🏦 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
Read More >>

🏠 Housing Finance

📝  Bajaj Housing Finance seeks more time to list on bourses
📝  Home Loan Protection: Prefer term plan over mortgage cover
Read More >>

🗎 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
Read More >>

UPIs / Wallet / FinTech

📝  A ‘sound’ innovation in the fintech space
📝  India in talks for UPI expansion in Africa
Read More >>

Crypto

📝  India spearheads global crypto regulatory framework under G20 presidency
Read More >>

🗠 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
Read More >>

🗎 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
Read More >>

✈ International

📝  EM funding gets creative as dollar bonds dry up
📝  JPMorgan sees ‘limited downside’ for crypto near term after bitcoin’s recent rout
Read More >>


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