Top Indian Banking Industry News & Updates - 07 Sep 2023,Thursday
🗎 RBI / MoF / Govt. Policies
📝 RBI mulls handing over frictionless credit platform to private company: Shaktikanta Das
📝 RBI governor urges fintech companies to form self-regulatory body
📝 RBI, NPCI introduce credit lines on UPI, conversational payments
📝 RBI may extend incremental cash reserve ratio with tweaks: Bankers
📝 G20 Summit: Govt plans to credit Rs 1000 in wallets for all delegates; will showcase India's digital achievements
📝 Listing norms by end of year: IFSC-A chief
📝 Customer-centricity, governance, self-regulation critical for fintech ecosystem: Shaktikanta Das
📝 G20: FMs & governors back financial inclusion, digital infrastructure
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🏦 PSB / Pvt Banks
📝 Yono app to be available in four more countries in next one year: SBI official
📝 Rare Asset Reconstruction Company to acquire Chennai-based Rainbow Papers' debt
📝 Big accounting firms may not get to value IDBI bank assets
📝 Fintech firms must offer better client propositions: Axis MD
📝 SBI MD on YONO 2.0, growth, incremental CRR and more
📝 AU Small Finance Bank will have a credit growth of around 25% to 27% this year: Sanjay Agarwal
📝 SBI not to spin off banking app YONO into separate unit: Chairman
📝 AU SFB bets on premium card to lure deposits
📝 CEO race intensifies at Kotak Mahindra Bank with key directors in the running
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🏦 Foreign Banks / FIIs / I-Banks
📝 G20 great platform for banking, Fintech to showcase India's growth: Standard Chartered Bank
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🏦 Development Banks
📝 Magenta Mobility secures debt financing from SIDBI for EV deployment in Delhi NCR
📝 REC signs $100 million term loan agreement with EXIM Bank
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💳 ATMs / Credit Cards
📝 SBI Card for MSMEs launched
📝 Mastercard partners with KredX to transform B2B payments
📝 AU small Finance launches Zenith metal credit card, shares up
📝 India's first UPI ATM: How will it be different from cardless cash withdrawals
📝 Discover and HDFC Bank set sight on doubling Diners Club card base in India
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🔍 Rating / Research
📝 Expect INR at 83 by Sept end; don’t expect rate cut before Q3 of 2024: Dhiraj Nim, ANZ Research
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🗎 NBFCs / FIs / MFI
📝 Kinetic Green partners with Axis Bank to offer financing solutions for E2Ws
📝 360 One WAM, earlier known as IIFL Wealth & Asset Management , goes global; forms a new team
📝 'Many Japanese cos see India as a partner of choice'
📝 Capital Group offloads NBFC Shriram Finance's shares for Rs 884 crore
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UPIs / Wallet / FinTech
📝 NPCI introduces credit, NFC-based payments to scale UPI service
📝 IDEMIA, Airtel Payments, HMD Global tie up for Digital Rupee on feature phones
📝 G20: India to provide hands-on UPI experience to visiting delegates
📝 Airtel Payments Bank, IDEMIA, HMD team up to enable use of digital rupee on feature phones
📝 Trust required in fintech and banking space: Larsen & Toubro
📝 UPI via pre-approved credit lines unlikely to hamper credit cards
📝 ‘Doubling down on UPI, will launch RuPay card soon’
📝 Back ‘Makes sense to list in a market where people know you’: Harshil Mathur, co-founder & CEO, Razorpay
📝 UP, Gujarat, West Bengal contribute to more than 30% UPI frauds in India
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Crypto
📝 G20 leaders may lay down crypto regulation blueprint
📝 With growing interest in crypto, regulations in India inevitable: WazirX
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🗠 Mutual Funds / AMCs
📝 Old Bridge Capital Management gets final nod from Sebi to launch Mutual Fund business
📝 Kotak Mahindra AMC’s Nilesh Shah denies rumours of joining Jio BlackRock MF as CEO
📝 Sebi working on AI tool to curb misselling by mutual funds: Buch
📝 Kotak's new multi asset fund good for beginners
📝 These 11 equity funds offered over 20% returns on lumpsum investments in five years
📝 DSP MF introduces DSP Multi Asset Allocation Fund
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🗎 Equities, Pvt. Equity / Hedge Funds
📝 FPI buying in Indian shares slows to four-month low in August
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🗎 Govt. Securities / Bonds
📝 RBI seeks feedback on settling Indian bonds via Euroclear
📝 Foreign investors step up India bond buying in Aug citing attractive entry points
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✈ International
📝 Bank of England chief hints rate hikes could end soon
📝 Fed set to double its economic growth forecast after strong US economic data
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