Top Indian Banking Industry News & Updates - 06 Sep 2023,Wednesday
🗎 RBI / MoF / Govt. Policies
📝 RBI Governor vows commitment to 4% inflation target amid food price shocks
📝 RBI plans to introduce CBDC in call money market
📝 FM Nirmala Sitharaman asks financial entities to ensure customers nominate heirs
📝 FM highlights major progress achieved in formalising finance
📝 RBI in advanced talks with European Securities and Markets Authority
📝 RBI to highlight digital payments infrastructure at G20 summit
📝 RBI weighs introducing offline usage features in digital rupee
📝 Cross-border payments need consensus: RBI deputy governor
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🏦 PSB / Pvt Banks
📝 Indian Bank collaborates with IBM to deploy new front-end banking apps
📝 Yono app fetches Rs 100 crore in fee income every quarter, says SBI Chairman
📝 PNB introduces CBDC-UPI interoperability for seamless transactions
📝 IDBI Bank surges 16% in 2 days as govt invites bids to appoint asset valuer
📝 Pre-sanctioned credit lines on UPI will aid in accelerating transactions: UCO Bank's Ashwani Kumar
📝 SBI customer says bank not ready to exchange mutilated Rs 500 note. Gets reply
📝 SBI not to spin off banking app YONO into separate unit: Chairman
📝 Credit demand to remain robust, to clock about 14% growth: SBI chairman
📝 IDFC First Bank, 9 other mid cap stocks hit all-time highs
📝 Digital Rupee gets big boost: SBI, six other bank customers can scan UPI QR code and pay via digital rupee. Here is how
📝 SBI Wecare senior citizen fixed deposit scheme offering high interest rates to end soon, check details
📝 Shivalik Small Finance Bank unveils next-gen fintech platform in partnership with Falcon
📝 IREDA ropes in Union Bank, Bank of Baroda to co-finance renewable energy projects
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🏠 Housing Finance
📝 PNB Housing to raise affordable housing loan disbursements
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🏦 Development Banks
📝 Anicut Equity Fund secured an investment of Rs 50 crore from SIDBI
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🗎 NBFCs / FIs / MFI
📝 High interest rates could impair capacity of borrowers to service debt: FSB to G20 leaders
📝 We would like to double our AUM over a three-year period: Vivek Karve, Mahindra Finance
📝 We are not really seeing any let-up in demand for affordable housing: Home First Finance MD
📝 Jio Financial Services to be excluded from NSE indices from September 7
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UPIs / Wallet / FinTech
📝 Paytm’s Vijay Shekhar Sharma says he’s looking for chances to raise stake
📝 RBI DG Sankar calls for fintech SRO to proactively address industry issues
📝 BharatPe’s chief business officer Nishant Jain quits
📝 Paytm disbursed loans worth Rs 5,517 crore in August, average MTU up 20%
📝 UPI transactions may soon touch 100 billion a month, says NPCI CEO
📝 India in talks with countries in LatAm, Africa for UPI, RuPay
📝 Hitachi Payment Services launches India's first-ever UPI-ATM with NPCI
📝 RBI’s e-rupee could useUPI for a reformist leap
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🧔 Brokers / Distributors
📝 Zerodha’s Kamath spots trend in investing
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🗠 Bourses
📝 At 10.9%, Indian stock market delivered higher returns than US, China, others in last 10 years: Report
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Crypto
📝 Working on global framework to manage crypto-related issues: FM
📝 Bitcoin falls below $25,900; Ethereum holds at $1,600 level
📝 Number of participants in crypto ecosystem has risen, says Mridul Gupta of CoinDCX
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🗠 Mutual Funds / AMCs
📝 Zerodha Mutual Fund files draft for ELSS, large & mid cap passive funds
📝 How can investors diversify their portfolios using mutual funds?
📝 Samco Mutual Fund files draft for balanced advantage fund
📝 Sebi working on AI tool to curb misselling by mutual funds: Buch
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🗎 Equities, Pvt. Equity / Hedge Funds
📝 ‘People should spend more and also be more ambitious’
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🗎 Govt. Securities / Bonds
📝 India bond yields little changed as traders await fresh triggers
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✈ International
📝 Mastercard denies report it plans to raise credit card fees
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