Top Indian Banking Industry News & Updates - 10 July 2023,Monday
🗎 RBI / MoF / Govt. Policies
📝 FM Nirmala Sitharaman nudges PSU banks to take swift action against frauds, wilful defaulters
📝 World Bank president Ajay Banga to visit India next week to attend G20 meeting
📝 Act swiftly in default cases: FM tells PSBs
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🏦 PSB / Pvt Banks
📝 HDFC Bank to offer 2% stake in NSDL public issue
📝 Bank of India plans share sale to meet Sebi's minimum public holding norms
📝 Unresolved corporate loans, difficult assets can be profitable for ARCs: Pallav Mohapatra
📝 Public sector banks likely to be the stars of Q1 show
📝 A first after merger! HDFC Bank to announce Q1 results on July 17
📝 Financial due diligence underway at IDBI Bank
📝 Canara Bank to sign ₹3,000 crore IT transformation deal
📝 HDFC Bank leads integration process as 70% of HDFC top execs to retire
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🏦 Foreign Banks / FIIs / I-Banks
📝 Foreign banks' AFS exposure to long-term bonds at all-time high
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🏠 Housing Finance
📝 NHB operationalises ₹10,000-crore Urban Infrastructure Development Fund
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💳 ATMs / Credit Cards
📝 Debit card, credit card rule set to change: Soon you will be able to choose your card network provider
📝 Credit card dues at ₹2 trillion by April mark a milestone
📝 How this new debit, credit card rule will benefit bank customers — explained
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🔍 Rating / Research
📝 SBI receives “AA/Stable” rating from CRISIL
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🗎 NBFCs / FIs / MFI
📝 Mukesh Ambani's daughter Isha, former CAG Rajiv Mehrishi appointed directors on RIL's financial services unit
📝 Shriram Housing Finance raises $50 million in its maiden external commercial borrowing
📝 Bajaj Auto seeks RBI nod for new NBFC as Bajaj Fin diversifies
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UPIs / Wallet / FinTech
📝 Expanding banking points, product lines to tap strong demand; debit cards for rural users in Q2: Airtel Payments Bank CEO
📝 Paytm’s Vijay Shekhar Sharma ‘concerned’ after OpenAI blog says superintelligence AI can lead to human extinction
📝 Central govt to hire agency to estimate size of digital economy
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Crypto
📝 Reshaping the digital landscape: The future of NFTs
📝 Indian crypto traders deal on Binance, settle at home in INR
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🗠 Mutual Funds / AMCs
📝 Union Mutual Fund expects 50pc growth in AUM, to reach Rs 15,000 cr mark by March
📝 Axis AMC leases 2 floors in Lodha’s Mumbai tower
📝 SEBI puts in place framework for mutual fund Unit Holder Protection Committee
📝 Canara Robeco mutual fund unveils Canara Robeco multi cap fund, offering diversified equity investments; details here
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🗎 Equities, Pvt. Equity / Hedge Funds
📝 FPIs continue to be bullish on Indian equities; invest Rs 22,000 cr in July
📝 Three private equity firms eye Rs 2,000-crore Adani Capital buyout
📝 Equity market rally and retail participation drive surge in cash segment turnover
📝 RV Capital launches ₹400 crore maiden India private credit fund
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🗎 Govt. Securities / Bonds
📝 Bonds on the brink reward EM investors
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