Top Indian Banking Industry News & Updates - 31 Aug 2023,Thursday

🗎 RBI / MoF / Govt. Policies

📝  Finance Minister Nirmala Sitharaman asks RRBs to remove duplication of PMJDY accounts
📝  Enhance rural branch network in MSME-identified cluster areas, advises FM Sitharaman to banks
📝  Growth in private corporate sector sales, profit down in first quarter: RBI study
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🏦 PSB / Pvt Banks

📝  YES Bank goes live with UPI interoperability on CBDC
📝  Indian Bank gets nod to raise upto to ₹4,000 cr via QIP
📝  Punjab National Bank launches PNB GST Sahay app for instant digital loans based on GST invoices
📝  SBI receives approval to set up SBI Funds Management subsidiary in IFSC Gift City
📝  Central Bank of India ties up with SFISPL to offer agriculture and MSME loans, widens portfolio
📝  Have more patience when it comes to HDFC Bank, the underperformance will reverse: Dipan Mehta
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🏦 Co-operative Banks / RRBs

📝  Good governance important to ensure stability of urban cooperative banks: RBI governor
📝  RBI Guv cautions urban co-operative banks against use of innovative accounting practices
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🏦 Foreign Banks / FIIs / I-Banks

📝  Standard Chartered rolls out enhanced paternity, adoption leave benefits
📝  Standard Chartered enhances paternity and adoption leave
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🏠 Housing Finance

📝  Housing prices rose in 43 cities in Q1: NHB
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💳 ATMs / Credit Cards

📝  Credit cards-in-force, spends touch record high in July after dipping in June
📝  Festivals set to drive credit card spending
📝  Credit card spends hit all-time high
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🔍 Rating / Research

📝  Resolution time under India's bankruptcy code rises to 3-year high: India Ratings says
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🗎 NBFCs / FIs / MFI

📝  'Plan to double loan book size to '1.2-1.3 lakh crore by FY28'
📝  On lookout for CEO: Reliance in talks with head hunters for Jio Insurance CEO
📝  ‘Look to drive market share, growth not in our control’
📝  Jio Financial Services shares hit upper circuit limit for third straight trading session
📝  Gold loans are smart loans due to faster processing, flexible repayment options: Muthoot Finance MD
📝  Reliance in talks with head hunters to pick CEO for Jio’s insurance arm
📝  Poonawalla Fincorp launches short film on Raksha Bandhan
📝  RBI allows BCCL shareholder to surrender NBFC licence
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UPIs / Wallet / FinTech

📝  BharatPe CBO Dhruv Dhanraj Bahl steps down for entrepreneurial journey
📝  PhonePe forays into stock broking business, launches Share.Market platform
📝  PhonePe expects to achieve operational profit by 2025: CEO Sameer Nigam
📝  Fintech firm PhonePe forays into stock broking
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🗠 Bourses

📝  KRBL, Union Bank among 11 stocks with RSI trending down
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Crypto

📝  Bitcoin jumps above $27,400; Grayscale’s court win over SEC lifts sentiment
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🗠 Mutual Funds / AMCs

📝  These 24 mutual funds multiplied investors’ wealth by over 2.5x
📝  HDFC Technology and Quant Teck mutual fund NFOs: Should you invest?
📝  Raksha Bandhan ideas for mutual fund investors
📝  How do you start investing in a mutual fund?
📝   HDFC Mutual Fund launches HDFC Technology fund; here's all you need to know
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🗎 Equities, Pvt. Equity / Hedge Funds

📝  IndiaRF kicks off talks for $1 bn fund
📝  Global funds pump debt into Indian realty
📝  PE-VC investment inflow in ‘healthy territory’
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🗎 Govt. Securities / Bonds

📝  Centre spent Rs 2,400 crore more than what it raised via green bonds
📝  Fall in yields post HDFC merger makes funding cheaper for mortgage lenders
📝  Green bond issue size for H2 to be finalised soon
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✈ International

📝  Unsecured loan provisions could dominate bank provisions by FY25: Nomura
📝  China banks to cut interest rates in stimulus bid
Read More >>


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