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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