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
Read More >>

🗎 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
Read More >>

🗎 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
Read More >>


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