Top Indian Banking Industry News & Updates - 17 July 2023,Monday
🗎 RBI / MoF / Govt. Policies
📝 India, UAE sign MoUs for promoting local currencies in cross-border trade
📝 DICGC asks banks to display its logo, QR code on their websites
📝 PSBs to step up one-time settlement in written-off loans to meet 40% recovery target set by FinMin, RBI
📝 FM Sitharaman stresses on attracting private investment to develop urban infra
📝 Vault Matters: Oversight or overbearing — a thin line of difference
📝 FM Nirmala Sitharaman for strengthening global architecture to combat financial crimes
📝 Indonesia FM: Will discuss digital tech, payment systems with India
📝 Finance minister suggests AIIB to use innovative financing ways to address infra needs
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🏦 PSB / Pvt Banks
📝 HDFC Bank Q1 Preview: Standalone PAT seen up 27% YoY; merged entity numbers in focus
📝 See myself in non-executive role at bank: Uday Kotak
📝 Uday Kotak reflects on time as head of bank in latest annual report
📝 We have created value for stakeholders: Uday Kotak
📝 Kotak Bank’s employee turnover rises to 46% FY23 from 29% FY21
📝 FSIB firms up Panel for ED appointments in Public Sector Banks
📝 HDFC's exit creates an opportunity for wholesale NBFCs in debt market
📝 Kotak's journey towards excellence:10 points Uday Kotak said in Kotak Mahindra annual report as he step down soon
📝 Share listing today to decide merged HDFC Bank’s mcap
📝 SBI surprises customers with loan rate hike: Interest rates increase by 5 basis points
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🏦 Co-operative Banks / RRBs
📝 Banking on his rural roots
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🏠 Housing Finance
📝 IIFL Home Finance raises $50 million loan from US International Development Finance Corp
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🏦 Development Banks
📝 Brics-promoted bank keen to add members
📝 ‘$1 equity by US in development banks can boost lending by $90’
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💳 ATMs / Credit Cards
📝 Credit card spending hits record high at Rs 1.4 lakh crore in May; cards in use at 87.4 million
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🗎 NBFCs / FIs / MFI
📝 SBI Capital, Anarock, KPMG, 8 others to provide transaction advisory services for asset monetisation of CPSEs
📝 NBFCs' growth pace to stay strong on loan demand, benign costs
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UPIs / Wallet / FinTech
📝 India in talks to link UPI with Indonesia’s payment system
📝 India's Think360 make top AI Fintech Companies List
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🧔 Brokers / Distributors
📝 RBL Bank, Indigo and ABB look overheated. Should you buy or sell?
📝 ‘Indian market’s valuation is at good levels’
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Crypto
📝 India to push for norms on digital public infra, crypto
📝 Digitising crypto taxation becomes the economical solution
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🗠 Mutual Funds / AMCs
📝 Banks face stiff competition from mutual funds in mobilising capital
📝 ₹1.08-lakh crore AUM of debt mutual funds under stress
📝 Investors invest Rs 11K cr in small-cap MFs in Q1
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🗎 Equities, Pvt. Equity / Hedge Funds
📝 FPIs continue to bet on Indian equities; infuse Rs 30,600 cr in first fortnight of July
📝 PE Firms invest $1.8 b in office sector in first 6 months this year
📝 This fund manager with over Rs 250 cr in AUM suggests these 4 filters to pick stocks
📝 Hope to invest ₹2-3K crore in India over three to five years
📝 Morgan Stanley PE Asia acquires ClearMedi Health
📝 Canadian pension funds keen to invest in India, says finance minister Chrystia Freeland
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🗎 Govt. Securities / Bonds
📝 Sovereign gold bond sales hit record ₹4,600 cr in Jun
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