Top Indian Banking Industry News & Updates - 01 Sep 2023,Friday
🗎 RBI / MoF / Govt. Policies
📝 Term deposit interest trends: More depositors opting for 6 to 8% rates
📝 New home loan interest subvention plan to be announced in Sept: Hardeep Puri
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🏦 PSB / Pvt Banks
📝 Bank credit growth surges to 19% in July due to HDFC-HDFC Bank merger impact
📝 Kotak Mahindra adds UPI interoperability feature to its Digital Rupee app
📝 Banks for doubling home loan amount under priority sector
📝 HDFC Bank readies home loan strategy after the merger
📝 HDFC merger improves non-food credit growth in July
📝 HDFC Capital Advisors plans to raise $2 billion private credit fund
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🏦 Foreign Banks / FIIs / I-Banks
📝 Standard Chartered Bank announces 20-week paternity and adoption leave benefit for staff
📝 SBM Bank India appoints Dipak Agarwal as deputy CEO to head overall business
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🏠 Housing Finance
📝 Agrim, Vastu Housing Finance in co-lending tie-up
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💳 ATMs / Credit Cards
📝 Mastercard launches ALT ID solution for enhanced online payment security
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🔍 Rating / Research
📝 Fitch retains SBI, five other PSBs’ rating at BBB- with stable outlook
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🗎 NBFCs / FIs / MFI
📝 Max Financial issues clarification on Axis deal, dismisses reports on violation of norms
📝 NBFCs seek TDS relook as demand for listed NCDs hit
📝 Muthoot's quest for life beyond gold
📝 JFSL to exit S&P BSE indices including Sensex
📝 Samir Arora on his top contra holding and what it will take him to buy Jio Financial
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UPIs / Wallet / FinTech
📝 UPI crosses 10 billion transactions for the first time in August
📝 Fintech CredRight raises $9.7 mn
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Crypto
📝 Bitcoin holds above $27,200; Solana, Polkadot tank up to 5%
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🗠 Mutual Funds / AMCs
📝 MFs’ investment in NBFC CPs crosses ₹1 lakh crore for the first time since August 2019
📝 Rank MF appoints Prashant Gupta as national sales head
📝 AMCs bearing expenses for passive schemes come under SEBI lens
📝 Helios Mutual Fund files draft for a flexi cap fund
📝 Kotak Mutual Fund launches Kotak Multi Asset Allocation Fund
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🗎 Equities, Pvt. Equity / Hedge Funds
📝 Alternative investment funds and innovative opportunities for investors
📝 Growth of infra debt funds needs more than easier rules
📝 FIIs offload ₹2,973 crore in Indian equities, emerge net sellers in August; Net buyers DII invest ₹4,383 crore
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🗎 Govt. Securities / Bonds
📝 Central Bank of India raises ₹1,500 cr via 10-year bonds at 8.80%
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