Top Indian Banking Industry News & Updates - 29 Aug 2023,Tuesday

🗎 RBI / MoF / Govt. Policies

📝  Jan Dhan Yojana revolutionised financial inclusion in India, more than 50 cr bank a/cs opened: FM Sitharaman
📝  Transfer of stressed assets to ARCs: Lenders to widely disseminate information and give access to checklist
📝  Reserve Bank of India's liquidity withdrawal pushes bank CD issuances to 3-month high
📝  Ministry of Finance asks ministries to be realistic with budgetary requests
📝  RBI governor-headed FSDC-SC resolves to remain vigilant against external vulnerabilities
Read More >>

🏦 PSB / Pvt Banks

📝  Bank deposit growth touches six-year high of 13.5 pc in fortnight ended Aug 11
📝  Lenders working on common portal to handle digital frauds
📝  Incremental CRR: As liquidity tightens, banks push CDs
📝  Baroda UP Bank to rationalise over 250 branches in semi-urban, rural areas
📝  PSU banks focus on expanding start-up branch network
📝  Shareholders thwart Kerala-based Federal Bank's ESOP extension plan
Read More >>

🏠 Housing Finance

📝  SBI home loan interest rate concession of 55 bps ends in three days
📝  IFC and Shriram Housing Finance join hands to promote construction of green, low-cost houses in India
Read More >>

🗎 NBFCs / FIs / MFI

📝  Reliance AGM: Jio Financial Services to enter insurance sector, says Mukesh Ambani
📝  Microfinance institutions' profitability to rise to 2.7-3 per cent this fiscal: Report
📝  Loan waiver promises may hamper micro loan repayment, but only temporarily
📝  NBFC-MFIs’ AUM to grow 24-26%, profitability 2.7-3.0% in FY24
Read More >>

UPIs / Wallet / FinTech

📝  PB Fintech: On 30% growth trajectory; the company’s shift to online insurance assistance continues
📝   Former COO Dhruv Dhanraj Bahl to step down from BharatPe: Report
Read More >>

Crypto

📝  Crypto criminals steal over $10bn to date, despite crypto crime slowing down
📝  The ‘Fidelity Mafia’ Behind Big Crypto
Read More >>

🗠 Mutual Funds / AMCs

📝  Large cap mutual funds offer 7% in Jan-June; topper gives 11%
📝  Focus will be on digital-first investment products: BlackRock chief
📝  SBI Small Cap Fund to Kotak, Axis, Nippon India: Schemes with up to 29% returns in 5 years (August 2023)
📝  Edelweiss CEO Radhika Gupta shares '5 money tips' for youngsters who have just started earning
📝  Aashish P Somaiyaa explains why India will stand out compared to peers, especially the US
Read More >>

✈ International

📝  FTX's Bankman-Fried appeals judge's decision to jail him pending trial
📝  Powell has bond traders right where he wants them: Full of doubt
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