Top Indian Banking Industry News & Updates - 09 Sep 2023,Saturday
🗎 RBI / MoF / Govt. Policies
📝 Banks can't use LOC as measure to recover money: Delhi HC
📝 RBI to discontinue incremental cash reserve ratio in a phased manner
📝 RBI approves appointment of Dipak Gupta as interim MD & CEO of Kotak Mahindra Bank
📝 Going to the bank to exchange Rs 2,000 currency notes? Keep these 4 things in mind
📝 Global Fintech Fest 2023 concludes with 65,000 footfall from over 100 countries, next edition on Oct 8-10, 2024
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🏦 PSB / Pvt Banks
📝 ICICI Bank gets RBI nod to make I-Process Services as wholly-owned subsidiary
📝 AU Small Finance partners Bank Bajaj Allianz Life Insurance to offer insurance products
📝 BoB enables QR-based cash withdrawal in its 6,000 plus UPI ATMs
📝 Economists welcome RBI move to withdraw ICRR in a phased manner
📝 HDFC Bank's interest rate hike: How much will your EMI rise? Know here
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🏦 Foreign Banks / FIIs / I-Banks
📝 World Bank lauds India's Digital Public Infrastructure in G20 document
📝 Digital public infra's transformative impact goes beyond inclusive finance in India: World Bank G20 document
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🏠 Housing Finance
📝 MAS Financial will touch Rs 1,000 crore AUM by 2025 and grow at 30% plus in HFC: Kamlesh Gandhi
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🏦 Development Banks
📝 India showcases PM Gatishakti National masterplan at ADB conference
📝 Indian economy on a promising growth trajectory, says ADB president
📝 US wants G20 nations to help reshape multilateral development banks like IMF, World Bank
📝 ‘ADB looking to partner with India on DPIs in its projects’
📝 Banking on big push to multilateral development bank reforms: G20 negotiators
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🗎 NBFCs / FIs / MFI
📝 NBFC-MFIs’ AUM rises 42% y-o-y led by increase in Q1 disbursements
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UPIs / Wallet / FinTech
📝 Being profitable key to fintechs’ growth: PayNearby MD and CEO Anand Kumar Bajaj
📝 Will take a shot at bourses after 3-4 quarters of profit: MobiKwik
📝 Fintech player Razorpay eyes international expansion, IPO in 2-3 years
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🧔 Brokers / Distributors
📝 Earnings growth in some mid and smallcaps will be far superior to largecaps; tough to say when PE valuations will contract: Vinod Karki
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🗠 Bourses
📝 NSE gets SEBI nod to launch options on NYMEX WTI Crude Oil, Natural Gas Futures Contracts
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Crypto
📝 Bitcoin rises above $26,200; Ethereum holds above $1,600 level
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🗠 Mutual Funds / AMCs
📝 Why ICICI Prudential AMC’s Anand Shah shifted focus from consumer to manufacturing stocks
📝 Navi AMC to launch Navi Nifty 50 ETF
📝 Fintech to bring down operation cost as well as acquisition cost: Srinivas Jain, SBI MF
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🗎 Govt. Securities / Bonds
📝 Sovereign Gold Bond issue price fixed at Rs 5,923 per gram; subscription to open on Sep 11
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✈ International
📝 BofA sees ECB hiking all three policy rates by 25 bps next week
📝 Barclays preparing layoffs
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