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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