Top Indian Banking Industry News & Updates - 15 July 2023,Saturday
🗎 RBI / MoF / Govt. Policies
📝 ‘Reserve Bank to issue guidelines for banks to resolve issues soon’
📝 France gets India's UPI, tourists can make payments in Rupees: PM Modi
📝 RBI Floating Rate Savings Bond offers 8.05% interest now, higher than big banks' FDs; who should invest?
📝 Banks park Rs 59,875 cr against notified amount in RBI's VRRR auction
Read More >>
🏦 PSB / Pvt Banks
📝 SBI hikes lending rate by 5 basis points
📝 Bandhan Bank Q1FY24 profit down 18.7% on-year at Rs 721.05 crore
📝 India's inflation during Q1 suggests limited risk of a further rate hike, says Bandhan Bank MD
📝 SBI allows even non-SBI account holders to pay via YONO App's UPI, takes Google Pay, Paytm, PhonePe head on
📝 Bandhan Bank board meets today to consider unaudited financial results for Q1FY24
📝 NBFC arm FedFina reconsidering capital raise options: Federal Bank
📝 HDFC Bank allots over 311 cr shares to HDFC Ltd shareholders as part of share swap
📝 Utkarsh SFB IPO subscribed 23.2 times so far on last day of bidding. Check GMP and other details
📝 Federal Bank posts 42.13% growth in Q1 net profit to ₹853.74 crore
📝 Bank of Baroda launches Mahila Samman Savings Certificate, a small savings scheme with 7.5% interest rate
📝 Federal Bank’s NIM decline offsets Q1 positives
📝 HDFC Bank shares may face pressure in short term post merger with HDFC
Read More >>
💳 ATMs / Credit Cards
📝 Credit Card default surges as retail credit grows
📝 Credit card rule change: Axis Bank cuts cashback, rewards on Flipkart Axis Bank credit card from this date
📝 India1 Payments to expand white-label ATM network to 20,000 units in 3 yrs
📝 Card Network Portability
Read More >>
🔍 Rating / Research
📝 Incremental credit-deposit ratio of banks slides to 63.7% in Q1FY24
Read More >>
🗎 NBFCs / FIs / MFI
📝 Ather e-scooters become more affordable with 100% funding offered by banks, NBFCs
📝 Five-star Business Finance eyes 35% AUM growth for next three years
Read More >>
UPIs / Wallet / FinTech
📝 Visa brings its $10,000 grants programme She’s Next to India for women entrepreneurs
📝 Angel One appoints Deepak Chandani as chief data officer to lead strategic data led initiatives
📝 UPI at Eiffel Tower! India, France agree for new payment system, PM Modi announces in Paris – details here
📝 UPI in France: How it will work, all you need to know
Read More >>
🗠 Bourses
📝 BSE CEO Ramamurthy says Sky’s the limit for SMEs; to focus on equity derivatives first this year
Read More >>
Crypto
📝 Argentina signs its first Bitcoin futures contract
📝 KoinBasket unveils its crypto trading feature with “Login with Binance” integration
📝 As Google opens up to allow blockchain-based experience on Play; the industry laps it up
📝 Bitcoin surges above $31,000; XRP skyrockets over 68% on court ruling
Read More >>
🗠 Mutual Funds / AMCs
📝 Mutual Funds raise holdings in HDFC twins in June
📝 Investor confidence likely to get tested over next few months: Karan Doshi, LIC MF
📝 Why individual investors' share in mutual funds assets is surging
📝 SEBI asks banks, MFs to deduct ₹5.35 crore from Choksi account
📝 Fund houses may launch more micro cap funds
Read More >>
🗎 Equities, Pvt. Equity / Hedge Funds
📝 FIIs make robust buying of ₹2,636 crore in Indian stocks today; DIIs extend selling
Read More >>
🗎 Govt. Securities / Bonds
📝 PSU banks wary of SBI’s dismal AT-1 bond issue, may delay fund-raising
📝 SBI Tier-I bond issuance: Investors turn circumspect about 10-year ‘call option’
📝 India’s bond traders eye debt sale demand as 10-year yield below key level
📝 Vedanta bonds fall as liquidity worries revive amid chip setback
Read More >>
✈ International
📝 Binance lays off over 1,000 employees: Report
📝 Bitcoin near 13-month high as investors welcome Ripple ruling
Read More >>