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
Read More >>

🏦 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
Read More >>

🏦 Co-operative Banks / RRBs

📝  PFRDA asks sponsor banks of RRBs to offer NPS
Read More >>

🏦 Foreign Banks / FIIs / I-Banks

📝  'Foreign banks' exposure to trades in long-term bonds not a concern'
Read More >>

🏠 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
Read More >>

🏦 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
Read More >>

💳 ATMs / Credit Cards

📝  SBI Cards’ credit cost rises sharply
📝  Debit Card vs Credit Card: Which is better for frequent use?
Read More >>

🗎 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'
Read More >>

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
Read More >>

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
Read More >>

🗠 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
Read More >>

🗎 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
Read More >>

🗎 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
Read More >>

✈ 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
Read More >>


Corporate Office

405, TSL Corner
Local Shopping Complex
Sector G Mayur Vihar Phase III
Delhi - 110096, India

Contact

contact@nurcmedianext.com
nurcmnx@gmail.com
nurcmedianext@gmail.com
+91-11-49849324, +91-9958949710