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
Read More >>

🏦 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
Read More >>

🏠 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
Read More >>

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
Read More >>

🧔 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
Read More >>

🗠 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
Read More >>

🗎 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
Read More >>

✈ International

📝  Mastercard denies report it plans to raise credit card fees
Read More >>


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