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
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🏦 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
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🏦 Foreign Banks / FIIs / I-Banks

📝  India has shown way by finding consensus: World Bank president Ajay Banga
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🏦 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
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💳 ATMs / Credit Cards

📝  Debit card usage slow for three years and UPI transactions up 428%
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🔍 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
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🗎 NBFCs / FIs / MFI

📝  NBFCs stay away from credit card business
📝  NBFC-MFI disbursements increase 45.8% to Rs 30,398 crore in Q1FY24
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UPIs / Wallet / FinTech

📝  Now, UPI cash – at an ATM near you
📝  G20 India: World leaders use UPI to experience ease of sending money online
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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
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🗠 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
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🗎 Equities, Pvt. Equity / Hedge Funds

📝  FPIs turn net sellers; withdraw Rs 4,200 car in equities in September so far
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🗎 Govt. Securities / Bonds

📝  Companies bet against high for long in bond blitz
📝  Softer prices of gold offer good entry levels via SGBs
Read More >>


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