Top Indian Banking Industry News & Updates - 20 July 2023,Thursday
🏦 PSB / Pvt Banks
📝 Will `nip in the bud' the transgressions of managers: HDFC Bank
📝 SBI-led consortium to fund Adani Group’s ₹34,000-crore PVC project in Mundra
📝 Federal Bank board to meet on July 21 to consider share sale to IFC
📝 Post-merger balance sheet to enable HDFC Bank to invest more in infra
📝 Bank of Maharashtra’s Q1FY24 net profit vaults 95% to ₹882 crore
📝 Don't expect RBI to cut rates, status quo may be maintained : SBI Chairman
📝 Here is the salary HDFC Bank CEO Sashidhar Jagdishan took home in FY23
📝 IndusInd Bank stock jumps nearly 4 per cent after June quarter earnings
📝 SBI to set up trustee company to manage corporate debt market development fund
📝 Merged entity enjoys benefit of scale: HDFC Bank chairman
📝 Bank of Maharashtra plans to raise Rs 2,000 crore via AT1, Tier II bonds
📝 Federal Bank launches QIP, sets floor price at Rs 133
📝 Merger couldn’t have been better timed: HDFC Bank CEO
📝 CBDC cannot replace paper notes: SBI chief
📝 Indian Bank ties up with TAFE, TMTL for tractor financing
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🏦 Co-operative Banks / RRBs
📝 RBI cancels licence of United India Co-operative Bank Bijnor
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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
📝 Can Fin Homes Q1: Reflecting resilience in the housing finance sector
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💳 ATMs / Credit Cards
📝 What are cashback credit cards? Which are the best ones? How to pick?
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🗎 NBFCs / FIs / MFI
📝 L&T Finance consol PAT swells 103% on retail loan growth
📝 Reliance Capital lenders approve Rs 200 crore capital infusion in Reliance General
📝 Ananya Birla’s Svatantra MicroFin buys out Sachin Bansal’s microfinance business
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UPIs / Wallet / FinTech
📝 Cashfree launches ‘BNPL Plus’ to streamline online payments for D2C
📝 Unified Payments Interface goes international
📝 Chargeup launches #Sun2Swap campaign
📝 Paytm working on payments through facial recognition
📝 SoftBank offloads 2% stake in Paytm
📝 Now non-SBI account holders can also make UPI payments from YONO app, here's how
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🧔 Brokers / Distributors
📝 Sebi cancels Fairwealth Commodity Broking’s registration for misusing clients' funds
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Crypto
📝 Societe Generale unit gets France’s first crypto license
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🗠 Mutual Funds / AMCs
📝 Equity exposure of mutual funds at a record high amid bullish sentiments
📝 Some banks look well placed, says Rahul Baijal of HDFC AMC
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🗎 Govt. Securities / Bonds
📝 Samvardhana plans overseas bond sales to raise over $500 million
📝 Indian bond yields flat as traders seek directional cues
📝 SBI likely to raise up to Rs 10,000 cr via infra bonds
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✈ International
📝 BofA profit surges on interest income, surprise investment banking gain
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