Top Indian Banking Industry News & Updates - 19 July 2023,Wednesday
🗎 RBI / MoF / Govt. Policies
📝 RBI slices tomato inflation to find 5 interesting facts
📝 Government asks banks to issue mobility-enabled cards
📝 Nations can still ban private crypto assets if they want: RBI Governor Shaktikanta Das
📝 Deposits hit 6-year high as ₹2k notes return
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🏦 PSB / Pvt Banks
📝 SBI to set up trustee company to manage corporate debt market development fund
📝 IndusInd Bank Q1 Results: PAT rises 33% YoY to Rs 2,124 crore, meets estimates
📝 From now onwards, the challenge is sustaining the gains: Karur Vysya Bank MD
📝 Earn 7.5% interest rate: PNB launches Mahila Samman Certificate
📝 PSU banks in real danger of privatisation, says AIBOC
📝 Why Chandra Shekhar Ghosh is not worried about shortfalls in Q1 and expects Bandhan Bank to improve from Q2
📝 HDFC Bank can rise up to 25% with attractive valuations
📝 ESAF Small Finance Bank scores high in ESG assessment
📝 Good response. Digital currency pilot gains pace; SBI, HDFC Bank step up campaigns
📝 Indian Bank tie up with TAFE and TMTL for financing tractors
📝 No plan to raise capital: IndusInd CEO
📝 Highest FD interest rates: These two banks offer 9% returns on fixed deposits
📝 IDBI Bank offers special FD schemes for both general and senior citizens; check interest rates here
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🏦 Co-operative Banks / RRBs
📝 PFRDA asks sponsor banks of RRBs to offer NPS
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🏦 Foreign Banks / FIIs / I-Banks
📝 'Foreign banks' exposure to trades in long-term bonds not a concern'
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🏠 Housing Finance
📝 Institutional investment in housing jumps 5-fold to USD 433 mn in January-June: Report
📝 Borrowing cost to fall 10-20 bps: IIFL Home Finance CEO
📝 Shriram Housing Finance eyes ₹20,000-cr AUM by March-end 2025
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🏦 Development Banks
📝 Nabard employees, management ink supplementary wage agreement to ‘rectify anomaly’
📝 Asian Development Bank retains India's growth forecast at 6.4 per cent for current fiscal
📝 NK Singh makes case for hike in Development Banks’ capital
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💳 ATMs / Credit Cards
📝 SBI Cards’ credit cost rises sharply
📝 Debit Card vs Credit Card: Which is better for frequent use?
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🗎 NBFCs / FIs / MFI
📝 Rajay Kumar Sinha takes charge as SBICAPS chief
📝 LoanTap and Mufin Green Finance team up to boost affordable electric 2-wheeler loans in India
📝 FedFina board revives IPO plan
📝 'Reliance spin-off Jio Financial Services worth Rs 160-190 per share'
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UPIs / Wallet / FinTech
📝 SoftBank sells another 2% stake in Paytm; holding slips below 10% for Japanese investor
📝 PhonePe launches health insurance platform that allows monthly premium payments
📝 Cashfree Payments launches service to improve payment options visibility
📝 Startups have obligation to take India's flag to other countries: Paytm CEO
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Crypto
📝 G20’s Financial Stability Board unveils regulatory guidelines for crypto-asset transactions; industry reacts
📝 Crypto’s new favourite bank Is reluctant to accept the title
📝 Crypto derivatives show growing pessimism around Binance’s token
📝 Stability to guarding investors, India flags 3 issues on crypto
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🗠 Mutual Funds / AMCs
📝 Are valuations really high in the midcap space? Trideep Bhattacharya answers
📝 Eight new mutual fund offers or NFOs open this week
📝 Best to take a multi-asset approach, says Naren of ICICI Prudential Mutual Fund
📝 Mutual funds gain ground, but bank deposits reign supreme
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🗎 Equities, Pvt. Equity / Hedge Funds
📝 FII, DII data: FPIs bought shares worth Rs 73 cr, DIIs purchased shares worth Rs 64.34 cr on Monday, 17 July
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🗎 Govt. Securities / Bonds
📝 PFRDA to allow funds to invest in sovereign green bonds: Chairman Deepak Mohanty
📝 India bond yields track OIS lower; bets of Fed pause after July rise
📝 Euro zone bond yields tumble to 3-week low on weak data, ECB remarks
📝 Asian bonds see foreign inflows for fourth straight month
📝 PFC eyes up to Rs 5,000 crore via public issue of bonds
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✈ International
📝 Morgan Stanley Q2 Results: Profit drops 18% as deal drought persists
📝 Bank of America Q2 Results: Investment banking fees rises 7% to $1.2 billion; profit beats on boost from interest income
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