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 >>


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