Top Indian Banking Industry News & Updates - 30 Aug 2023,Wednesday
🏦 PSB / Pvt Banks
📝 Axis Bank launches paid saving a/c with no charges for services, balance requirements
📝 Bad Bank's chairman Karnam Sekar resigns after proposal to merge with IDRCL
📝 Bandhan Bank to disburse civil pension
📝 ACRE to buy Union Bank's Rs 411 crore Visa Steel Loan
📝 NCLT grants SBI time till Sept 18 to file a rejoinder in PC Jeweller’s insolvency
📝 Karnataka Bank AGM approves distribution of dividend
📝 Up to 9.5% interest rate on senior citizen FDs: Fixed deposit rates of 5 banks compared
📝 As India pushes to make rupee international, UCO Bank is in a sweet spot
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🏠 Housing Finance
📝 Shriram Housing Finance partners with IFC to promote green affordable housing finance in India
📝 Nido Home Finance launches up to Rs 150 crore secured NCD
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🔍 Rating / Research
📝 ICRA appoints Jayanta Chatterjee as the MD and CEO of ICRA Analytics
📝 Deposit growth to improve in FY24: CareEdge Ratings
📝 Credit Saison India raises maiden NCD of ₹200 crore
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🗎 NBFCs / FIs / MFI
📝 L&T Fin Holdings creates position of Chief Marketing Officer to push retail biz
📝 Religare Finvest approaches RBI for removal from PCA list
📝 It’s not essential to have a banking license: Ajay Piramal
📝 RBI must seriously consider deposit licences for NBFCs: Ajay Piramal
📝 Will continue to look for acquisition opportunities in non-life: Piramal
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UPIs / Wallet / FinTech
📝 India, New Zealand discuss introduction of UPI
📝 BharatPe chief operating officer Dhruv Dhanraj Bahl resigns
📝 Proxgy launches ‘UPI watch’ for street vendors
📝 Cashfree Payments appoints Chetan Yadav as senior VP-human resources
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Crypto
📝 Bitcoin holds above $26,000; Polkadot, Shiba Inu rise up to 3%
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🗠 Mutual Funds / AMCs
📝 Focus will be on digital-first investment products: BlackRock chief
📝 What are arbitrage funds & how do they work? Nemish Sheth of Bandhan AMC explains
📝 Aditya Birla Sun Life Frontline Equity Fund completes 21 years; offers 19% since inception
📝 SBI Small Cap Fund to Kotak, Axis, Nippon India: Schemes with up to 29% returns in 5 years (August 2023)
📝 SEBI looks to ease norms for brokers, MFs
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🗎 Equities, Pvt. Equity / Hedge Funds
📝 FIIs invest ₹62 crore in Indian equities on positive global cues, DIIs remain net buyers
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🗎 Govt. Securities / Bonds
📝 T-bill volumes take a hit with fall in liquidity
📝 Credit Saison India raises maiden NCD of Rs 200 crore
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