Top Indian Banking Industry News & Updates - 05 July 2023,Wednesday
🗎 RBI / MoF / Govt. Policies
📝 FM Nirmala Sitharaman to meet chiefs of PSB banks to review financial performance on Thursday
📝 RBI rejects 3 applications for setting up small finance banks
📝 RBI rejects small finance bank application of Akhil Gupta, two others
📝 RBI's VRRR auction sees tepid demand as banks look for better returns
📝 ‘RBI decision on Rs 2000 notes not demonetisation’: Delhi High Court
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🏦 PSB / Pvt Banks
📝 HDFC merger: For advising on a $64 billion bank deal, bankers got a 0.0002% fee
📝 IDFC merger: V Vaidyanathan on what changes for IDFC Bank shareholders in short, medium and long term
📝 IDFC First Bank shares plunge 6% post merger announcement
📝 Bandhan Bank CFO & KMP Sunil Samdani resigns
📝 Bank of India rolls out Mahila Samman Savings Certificate scheme
📝 Banks told to push Rs 3L crore stuck budget home projects
📝 AU Small Finance Bank gross advances rise 29% YoY to Rs 63,635 crore in Q1
📝 PNB launches UPI Payments with IVR-based UPI 123PAY
📝 Valued more than Morgan Stanley, but HDFC Bank has a score to settle with ICICI Bank
📝 Impaired loan write-offs: Private sector banks more aggressive than public sector banks
📝 Massive portfolio rejigs underway at HDFC Bank
📝 Commercial banks post steady YoY growth in credit in first quarter of FY24
📝 Indian Overseas Bank unveils RuPay Select Debit card, luxury benefits
📝 We will ensure our liability biz starts picking up Q2 onwards to fund growth: Pralay Mondal, CSB Bank
📝 Bank of Baroda's new chief looks to reduce cost-to-income ratio to 40%
📝 Indian Bank introduces e-BG service under ‘Project WAVE’
📝 Unsecured retail loan stress manageable, say bankers
📝 Analysts view: Merger won’t cloud IDFC First’s MSCI inclusion process
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🏦 Foreign Banks / FIIs / I-Banks
📝 HSBC relaunches private banking in India
📝 HSBC Group makes a return to India’s private banking sector, targets wealthy clients
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🏠 Housing Finance
📝 Piramal Capital to sell more loans for Rs 1,669 crore
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💳 ATMs / Credit Cards
📝 SBI launches cardless cash withdrawals from ATMs and enhanced YONO app for customers
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🔍 Rating / Research
📝 S&P says Indian companies in ‘good credit shape’
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🗎 NBFCs / FIs / MFI
📝 Bajaj Finance offers robust update for Q1, draws brokerage upgrades
📝 TruCap Fin to focus on cluster lending to tap MSMEs
📝 Bajaj Finance soars 8%, hits 52-week high on strong Q1 business update
📝 SBI to buy SBICap Ventures for Rs 708 crore
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UPIs / Wallet / FinTech
📝 PhonePe's ONDC app Pincode goes live in 10 cities, to expand services
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Crypto
📝 Bitcoin surges above $31,000, market cap crosses $600 billion
📝 Bitcoin consolidates above the $30,000 with Rise in Positive Investor Sentiment
📝 Report crypto income accurately to avoid mismatch during verification
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🗠 Mutual Funds / AMCs
📝 SBI Mutual Fund AUM crosses Rs 8 lakh crore-mark; eyes Rs 10 lakh crore-milestone soon
📝 Sebi asks custodians of AIFs for investment info
📝 Bandhan Mutual Fund launches Bandhan Financial Services Fund
📝 40 equity mutual funds have more 10% in HDFC twins
📝 From Quant, Bandhan AMC, Canara Robeco to Mirae Asset, 8 New Fund Offers for investing in July
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🗎 Equities, Pvt. Equity / Hedge Funds
📝 PE Veteran Shashank Singh to Quit Apax Partners
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