Top Indian Banking Industry News & Updates - 05 Sep 2023,Tuesday
🗎 RBI / MoF / Govt. Policies
📝 CBDCs may be important in making cross-border payments cheaper, faster: RBI Guv Shaktikanta Das
📝 Monetary policy has asymmetric transmission in Indian financial markets: SBI report
📝 RBI allows operation of pre-sanctioned credit lines at banks through UPI
📝 Government invites bids for asset values for IDBI Bank disinvestment
📝 Budget 2024-2025: Finance Ministry starts preparations; seeks inputs from various ministries
📝 Need effective forex liquidity mechanisms to support cross border transactions: RBI Governor
📝 Anand Mahindra praises RBI for its frictionless loan delivery platform
📝 The transition of loans from floating to fixed rates | Explained
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🏦 PSB / Pvt Banks
📝 FSIB recommends Vinay Tonse for MD position in SBI
📝 Who are the key contenders to fill the big boots of billionaire banker Uday Kotak?
📝 NCDRC imposes Rs 25 lakh fine on ICICI Bank for losing customer's property documents
📝 SBI's digital rupee now linked to UPI
📝 Banks moot covering stamp duty, registry charges in home loans
📝 Kotak Bank backs its own for the top job; RBI call in focus
📝 Indian Bank partners with NY's IBM to deploy compute infrastructure
📝 Shivalik Small Finance Bank partners with fintech firm Falcon for developing financial products
📝 Will launch balance confirmation certificate, e-auction portal for lenders in FY24: PSB Alliance MD
📝 HDFC Bank will continue to be a dominant player in the cards space: Parag Rao
📝 Continuity theme at Kotak Bank
📝 KVG Bank opens call centre in Dharwad
📝 IDFC First Bank likely to retain expanded valuation on bourses
📝 Federal Bank unveils WhatsApp Lending Platform
📝 Indian Bank collaborates with IBM
📝 Analysts unfazed by Kotak’s surprise exit, keep ratings unchanged
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🏦 Foreign Banks / FIIs / I-Banks
📝 DBS Bank, Keppel sign MOU to boost sustainable digitalisation solutions with focus on India
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🏠 Housing Finance
📝 Sundaram Home Finance plans to enter affordable home loan segment
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🏦 Development Banks
📝 NABARD needs forward-looking recruitment policy, says employees association
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💳 ATMs / Credit Cards
📝 SBI Card adds new features to AURUM super premium credit card
📝 Women entrepreneurs cannot access financing at the same rate as men, says Shamina Singh from Mastercard
📝 Indian Bank partners with OneCard to launch mobile-first co-branded credit cards
📝 Credit card defaults rise by Rs 951 cr: What happens when you default
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🔍 Rating / Research
📝 Credit ratings need to get personal, scores don't reflect full picture
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🗎 NBFCs / FIs / MFI
📝 Muthoot FinCorp Limited announces new NCDs, aims to raise ₹400 crore
📝 IFCI gets binding bid from ACRE for Barwa Adda debt
📝 Banks see record surge in vehicle loans
📝 Inside the playbook of a new Shriram
📝 Loan sanctions through NBFCs slip sharply to 5.7% in June quarter
📝 Chief executives of shadow banks urge RBI to allow public deposits
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UPIs / Wallet / FinTech
📝 Paytm launches ‘Card Soundbox’ for payments
📝 RBI allows pre-sanctioned credit lines through UPI; know how it works
📝 Looking for chances to increase stake in Paytm, says Vijay Shekhar Sharma
📝 SBI introduces UPI interoperability in Digital Rupee
📝 Paytm unveils ₹999 ‘soundbox’ that takes card payments
📝 BharatPe in talks to raise $100 m in equity round
📝 UPI has become backbone of digital payment: RBI Governor
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🧔 Brokers / Distributors
📝 Zerodha files draft papers with Sebi for 2 passive funds after nod for AMC biz
📝 Investable value stock universe is shrinking: ICICI Securities
📝 SBICAP appoints Suresh Shukla as business chief
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🗠 Bourses
📝 BSE-listed firms' market valuation hits all-time high of Rs 315 lakh crore
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Crypto
📝 Bitcoin falls below $26,000; Ethereum holds $1,600 level
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🗠 Mutual Funds / AMCs
📝 MFIs increase focus on individual loans
📝 Investors should tred cautiously in small-, mid-cap stocks: Kotak Mahindra AMC’s Nilesh Shah
📝 360 ONE launches first balanced hybrid scheme in mutual fund space
📝 Largecaps look more attractive compared to smallcaps now: Krishna Sanghavi
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🗎 Equities, Pvt. Equity / Hedge Funds
📝 Sebi does not want any blowup in Alternative Investment Funds, asks AIFs to frame governance code
📝 Domestic realty funds take debt route to raise funds
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🗎 Govt. Securities / Bonds
📝 Bond market optimistic on inclusion in international bond indices
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✈ International
📝 Stock market rally set to weather higher bond yields
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