Top Indian Banking Industry News & Updates - 21 July 2023,Friday
🗎 RBI / MoF / Govt. Policies
📝 Financial services secretary asks banks to achieve financial inclusion targets at earliest
📝 RBI asks banks to report all digital frauds, and not just over Rs 1 lakh
Read More >>
🏦 PSB / Pvt Banks
📝 Fino Payments looking to upgrade to small finance bank
📝 Union Bank PAT rises 108% y-o-y on strong loan growth
📝 Attrition rates in private banks jump to over 30% on increased competition
📝 CSB Bank Q1 profit rises 16 pc to Rs 132 crore
📝 South Indian Bank reports 75% growth in net profit for Q1 FY24
📝 ‘Working at HDFC Bank could be better on several counts, especially culture’: MD
📝 HDFC Bank becomes 2nd most valuable company; TCS falls to 3rd place
📝 Bandhan Bank looks to sell Rs 500-cr stressed home loans to ARCs
📝 More and more Indians are taking personal loans to fund holiday travel
📝 SBI, other PSBs to fund Adani's Rs 34,000 cr PVC project in Mundra
📝 Will look at reverse merger if viable to shareholders: Utkarsh SFB MD & CEO
📝 HDFC’s exit, a blessing for NBFCs & HFCs
📝 Indian Bank launches Resources Acquisition Centres
📝 Uday Kotak’s letter to KMB shareholders ruffles regulator
📝 SBI-led consortium of PSBs to fund Adani's ₹34,000 crore PVC project in Mundra: Report
Read More >>
🏦 Co-operative Banks / RRBs
📝 Regional Rural Bank mergers exempted from CCI Approval
Read More >>
🏠 Housing Finance
📝 CanFin Homes Q1FY24 profit rises 13.1%, posts robust performance with disbursements at Rs 1,966 cr, loan book up 18%
Read More >>
💳 ATMs / Credit Cards
📝 Centre directs banks to issue cards with NCMC as default option
Read More >>
🔍 Rating / Research
📝 Weak loans of banks to fall to 3-3.5% of gross advances by March 2025: S&P
Read More >>
🗎 NBFCs / FIs / MFI
📝 Reliance's financial unit valued at over $20 bn
📝 NBFCs growth to be stronger due to unsecured loans, says ICRA
📝 See a prolonged period of steady costs, net interest margins: MD & CEO L&T Finance Holding
📝 RIL-Jio Financial demerger could give tough competition to existing NBFC players like Bajaj Finance, say experts
Read More >>
UPIs / Wallet / FinTech
📝 Paytm launches campaign India Kahe Paytm Karo
📝 India extends UPI services to France, first in Europe after Singapore
Read More >>
Crypto
📝 Crypto platform Bitget to include AI for better functionality
📝 Bitcoin holds above $30,000; XRP, Cardano rises up to 5%
📝 Failed crypto exchange FTX sues former CEO Sam Bankman-Fried to recover more than $1 billion
Read More >>
🗠 Mutual Funds / AMCs
📝 New Flexi Cap Fund from Bajaj Finserv AMC: NFO dates, who should invest in this equity mutual fund?
📝 MF passive funds may sell ₹3,800 cr of Jio Financial shares
📝 Sebi introduces a separate sub-category for ESG investments
📝 Sundaram Mid Cap Fund completes 21 years; offers 23.52% since inception
📝 Kotak Quant Fund may suit 'sophisticated' investors
Read More >>
🗎 Equities, Pvt. Equity / Hedge Funds
📝 PE/VC investments down 23 pc in H1 to USD 27.5 billion: Report
📝 MO Alternates’ Real Estate Fund CEO Sharad Mittal quits, to start own venture
📝 Bain Capital front-runner to acquire majority stake in Adani Capital
📝 FIIs continue buying streak pumping ₹3,371 crore in Indian stocks; DII sell ₹193 crore; check details
Read More >>
🗎 Govt. Securities / Bonds
📝 Indian bond yields flattish, Friday's debt auction to provide cues
📝 State Bank of India plans infra bond issue to raise Rs 100 billion, say bankers
Read More >>
✈ International
📝 Fed set to launch long-awaited instant payments service, modernizing system
Read More >>