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
Read More >>

🏦 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
Read More >>

🏦 Foreign Banks / FIIs / I-Banks

📝  Foreign banks' AFS exposure to long-term bonds at all-time high
Read More >>

🏠 Housing Finance

📝  NHB operationalises ₹10,000-crore Urban Infrastructure Development Fund
Read More >>

💳 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
Read More >>

🔍 Rating / Research

📝  SBI receives “AA/Stable” rating from CRISIL
Read More >>

🗎 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
Read More >>

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
Read More >>

Crypto

📝  Reshaping the digital landscape: The future of NFTs
📝  Indian crypto traders deal on Binance, settle at home in INR
Read More >>

🗠 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
Read More >>

🗎 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
Read More >>

🗎 Govt. Securities / Bonds

📝  Bonds on the brink reward EM investors
Read More >>


Corporate Office

405, TSL Corner
Local Shopping Complex
Sector G Mayur Vihar Phase III
Delhi - 110096, India

Contact

contact@nurcmedianext.com
nurcmnx@gmail.com
nurcmedianext@gmail.com
+91-11-49849324, +91-9958949710