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
Read More >>

🗎 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
Read More >>

🗎 Govt. Securities / Bonds

📝  Central Bank of India raises ₹1,500 cr via 10-year bonds at 8.80%
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