Top Indian Banking Industry News & Updates - 11 Sep 2023,Monday
🗎 RBI / MoF / Govt. Policies
📝 RBI likely to start digital rupee pilot in call money market by October
📝 RBI expands its toolkit to tackle liquidity, inflation
📝 Frictionless credit initiative slashes operational costs for lenders by 70 pc: RBI official
📝 RBI to withdraw incremental CRR in phases by October 7
📝 Finance minister, World Bank to work closely to create market structure from CSR demand side for maximising social impact
Read More >>
🏦 PSB / Pvt Banks
📝 Why Sanjiv Bhasin is ready to put his money in IDFC First and ICICI Bank
📝 IT dept finds deficiencies in some specified financial transactions of Tamilnad Mercantile Bank
📝 Yono 2.0 can onboard 75-100 fintechs: SBI MD
📝 ICICI Bank receives RBI’s approval for making staffing solutions firm i-Process its subsidiary
📝 A defunct mall offers hope for future's creditors
📝 FD rates may rise as loans grow faster than deposits
Read More >>
🏦 Foreign Banks / FIIs / I-Banks
📝 India has shown way by finding consensus: World Bank president Ajay Banga
Read More >>
🏦 Development Banks
📝 ADB commits concessional loan to India under Green Financing facility
📝 G20 leaders ask MDBs to leverage private capital to make maximum development impact
Read More >>
💳 ATMs / Credit Cards
📝 Debit card usage slow for three years and UPI transactions up 428%
Read More >>
🔍 Rating / Research
📝 Banking sector focus: Loan growth at 15% with private banks outpacing public banks, Kotak estimates weaker growth by FY24 end
📝 We'll launch credit score for housing loans: IMGC CEO Mahesh Misra
Read More >>
🗎 NBFCs / FIs / MFI
📝 NBFCs stay away from credit card business
📝 NBFC-MFI disbursements increase 45.8% to Rs 30,398 crore in Q1FY24
Read More >>
UPIs / Wallet / FinTech
📝 Now, UPI cash – at an ATM near you
📝 G20 India: World leaders use UPI to experience ease of sending money online
Read More >>
Crypto
📝 India to take final call on crypto regulations after talks: Official
📝 G20 leaders endorse FSB recommendations on regulation of crypto assets
📝 G20 leaders decide on swift implementation of crypto reporting framework
📝 Information asymmetry can lead to big losses for crypto investors
Read More >>
🗠 Mutual Funds / AMCs
📝 Mutual Funds: Multi-asset funds for lower drawdowns
📝 ‘Rally in mid-, small-cap segments led to valuation premium’: Shreyash Devalkar, head, equity, Axis MF
Read More >>
🗎 Equities, Pvt. Equity / Hedge Funds
📝 FPIs turn net sellers; withdraw Rs 4,200 car in equities in September so far
Read More >>
🗎 Govt. Securities / Bonds
📝 Companies bet against high for long in bond blitz
📝 Softer prices of gold offer good entry levels via SGBs
Read More >>