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
Read More >>

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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