Top Indian Banking Industry News & Updates - 02 Sep 2023,Saturday

🗎 RBI / MoF / Govt. Policies

📝  RBI Central Board reviews global, domestic economic situation
📝  RBI Governor Shaktikanta Das ranked top central banker globally
📝  93% of Rs 2,000 notes back with banks: RBI
📝  August inflation to be high, will start easing in September: RBI governor Shaktikanta Das
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🏦 PSB / Pvt Banks

📝  IDFC First Bank shares drop over 4% on likely 4.2% stake sale via block deal
📝  PSB Alliance to expand doorstep banking services to 6,800 centres
📝  GQG picks up stake in IDBI First Bank, Cloverdell sells 4.2%
📝  India invites bids for asset valuer for IDBI Bank
📝  HDFC Bank against vote on Space Mantra's Future Retail Ltd offer
📝  Public sector banks tie up with Veefin Solutions for cloud-based MSME lending platform
📝  Five day work week for banks gets IBA nod
📝  Bank loans rise 19.8% in July on HDFC merger impact
📝  SBI savings account customer claims Rs 23,451 deducted for insurance without consent. Bank replies
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💳 ATMs / Credit Cards

📝  Mastercard launches ALT ID Solution for guest checkout transactions
📝  You still need a good score for instant approval credit cards
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🗎 NBFCs / FIs / MFI

📝  Bajaj Auto’s arm gets RBI nod to commence NBFC operations
📝  Empowering India's financial landscape: Decoding the role of NBFCs
📝  Aiming Rs 750-850 crore loan book by FY24-end: Mufin Green Finance MD
📝  NBFCs seek TDS relook as demand for listed NCDs hit
📝  IIFL Finance's frontline staff to get ESOPs
📝  Jio Financial Services could exit NSE indices next week
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UPIs / Wallet / FinTech

📝  UPI transactions cross 1,000 crore milestone in August
📝  Fintech startup Khatabook lays off 42 employees
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Crypto

📝  Bitcoin tanks below $26,000; Litecoin, Polkadot tumble over 5%
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🗠 Mutual Funds / AMCs

📝  Franklin Templeton MF gets Rs 1,398 cr from Vodafone Idea
📝  NBFC-MFIs’ profitability to surge to 2.7-3.0%, AUM to grow at 24-26% in FY24, says ICRA
📝  Direct vs Regular Mutual Fund calculation: Even 1.25% change can make you lose crores – Here’s how
📝  Equity mutual fund SIPs boost distributors' income; AUM rise modest
📝   Mutual Fund news: Two recently launched new fund offers (NFOs) are closing today. Details here
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🗎 Govt. Securities / Bonds

📝  India bond yields rise after debt auction, end week lower
📝   RBI announces premature redemption dates for Sovereign Gold Bonds (SGBs). Check details here
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✈ International

📝  Euro zone bonds seek direction as markets scale back ECB hike bets
📝  Nomura, Morgan Stanley raise India's FY24 economic growth forecast, BofA cuts
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