Top Indian Banking Industry News & Updates - 18 July 2023,Tuesday
🗎 RBI / MoF / Govt. Policies
📝 RBI buys $7.37 bn in spot forex market in May- Bulletin
📝 RBI puts up Innovation Pavilion at G20 FMCBG meeting venue
📝 RBI showcases frictionless digital loans in minutes to farmers
📝 Lending headroom of multilateral banks must expand: World Bank President Ajay Banga
📝 RBI to issue SOP for banks to expedite rupee trade
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🏦 PSB / Pvt Banks
📝 HDFC Bank Q1 Results: Profit surges 30% YoY to Rs 11,952 crore; NII jumps 21%
📝 KVB posts 57% rise in Q1 net profit at ₹359 crore, asset quality continues to improve
📝 Central Bank of India reports 78% jump in Q1 FY24 net profit
📝 IDBI Bank introduces special interest rates on FDs; senior citizens can earn up to 7.75%
📝 IndusInd Bank Q1 Preview: PAT may rise 29% YoY on strong loan book, stable asset quality
📝 Banks cautious about parking extra cash in RBI's variable rate window
📝 HDFC Bank becomes world’s 7th largest lender post merger
📝 Bandhan Bank’s recovery from Covid-19 much slower among peers
📝 CSB Bank posts profit at Rs 547.36 cr, NII at Rs 1333.85 cr during FY23; aims to open 100 branches in FY24
📝 PNB launches 'Project PNB PALAASH' for environmental sustainability
📝 Why Chandra Shekhar Ghosh is not worried about shortfalls in Q1 and expects Bandhan Bank to improve from Q2
📝 Axis Bank increases FD interest rate by 10 bps on this tenure: Check details
📝 HDFC Bank posts bigger-than-expected jump in Q1 profit
📝 IDBI Bank introduces special fixed deposit (FD) scheme. Tenure, interest rate, other details here
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🏦 Foreign Banks / FIIs / I-Banks
📝 DBS launches new IFSC banking unit in GIFT City
📝 Adani’s go-to bankers at Barclays turn cautious after Hindenburg
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🏠 Housing Finance
📝 US International Development Finance Corp provides $50 million loan to IIFL Home Finance
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🏦 Development Banks
📝 Challenges for multilateral development banks
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💳 ATMs / Credit Cards
📝 Careful with credit: What do soaring credit card spends tell us, time to study the trend closely
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🔍 Rating / Research
📝 India needs insurance pool to cover natural disasters: SBI Research
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🗎 NBFCs / FIs / MFI
📝 PTC India plans to provide 24x7 power trading solutions: PTC India CMD
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UPIs / Wallet / FinTech
📝 Fintech start-up Easebuzz doubles revenue to ₹236 crore, plans to go public in next 3-4 years
📝 UPI user base can nearly double in next 3 years: NPCI’s Asbe
📝 Karnataka government to launch a platform for MSMEs to access fintech firms: M.B Patil
📝 Fintech startups crowd NBFC queue to enter credit lane
📝 UPI to enter North America, other Middle-Eastern countries soon: NIPL CEO
📝 ‘Gamechanger’: SBI YONO app for all. How non-SBI accountholders can make UPI payments using yono
📝 Fintech startups crowd NBFC queue to enter credit lane
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🗠 Bourses
📝 Affordable Robotic & Automation is migrating to main board on BSE and NSE
📝 SAT quashes Sebi penalty on NSE, ex-CEOs in co-location case
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Crypto
📝 Global rules proposed for crypto asset firms
📝 Crypto firms facing US SEC charges find hope in Ripple ruling, experts say
📝 Cryptocurrency employment sector reaches about 190,000 workers globally
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🗠 Mutual Funds / AMCs
📝 Investors prefer small cap mutual funds over large cap funds
📝 It’s time to spread your bets, and one way to do it is Multi-asset funds
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🗎 Equities, Pvt. Equity / Hedge Funds
📝 PEs/VCs get profitable exits: Promoters cash in on market rally
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