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
Read More >>
🏦 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
Read More >>
🏦 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
Read More >>
🏦 Foreign Banks / FIIs / I-Banks
📝 Standard Chartered rolls out enhanced paternity, adoption leave benefits
📝 Standard Chartered enhances paternity and adoption leave
Read More >>
🏠 Housing Finance
📝 Housing prices rose in 43 cities in Q1: NHB
Read More >>
💳 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
Read More >>
🔍 Rating / Research
📝 Resolution time under India's bankruptcy code rises to 3-year high: India Ratings says
Read More >>
🗎 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
Read More >>
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
Read More >>
🗠 Bourses
📝 KRBL, Union Bank among 11 stocks with RSI trending down
Read More >>
Crypto
📝 Bitcoin jumps above $27,400; Grayscale’s court win over SEC lifts sentiment
Read More >>
🗠 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
Read More >>
🗎 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’
Read More >>
🗎 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
Read More >>
✈ International
📝 Unsecured loan provisions could dominate bank provisions by FY25: Nomura
📝 China banks to cut interest rates in stimulus bid
Read More >>