Top Indian Banking Industry News & Updates - 22 July 2023,Saturday
🗎 RBI / MoF / Govt. Policies
📝 Tripura's revenue collection jumps to Rs 982 crore from Rs 4.21 crore in six years: FM Sitharaman
📝 Indian banks, FIs losing out “big time” by not financing RE sector, says RK Singh
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🏦 PSB / Pvt Banks
📝 Union Bank to sell 8 NAP accounts worth Rs 3,000 cr to NARCL
📝 ICICI Bank Q1 Preview: Strong loan growth to aid PAT; NIM may compress
📝 YES Bank Q1 Preview: Soft quarter expected on weak underlying business; PAT may fall up to 9%
📝 Federal Bank raises Rs 959 crore from IFC via preferential issue
📝 Union Bank Q1 Results: Profit more than doubles to Rs 3,236 crore
📝 Kotak Mahindra Bank Q1 Preview: PAT may surge 65% YoY, but NIMs to cool off
📝 BNP Paribas Arbitrage buys Bandhan Bank shares for Rs 187 cr
📝 Gold loans to form 30% of overall advances by FY30, says CSB Bank MD
📝 Union Bank of India expects GNPA level to improve below 6%
📝 Karnataka Bank hosts fintech partnership programme in Bengaluru
📝 Bank of Maharashtra revamps tech platform, appoints BCG for digital transformation
📝 Union Bank of India eyes recoveries worth Rs 16,000 crore in FY24
📝 Utkarsh Small Finance Bank jumps 92% on listing day
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🏦 Co-operative Banks / RRBs
📝 Regional Rural Bank mergers exempted from CCI Approval
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🏦 Foreign Banks / FIIs / I-Banks
📝 SBI Q1 results may surprise investors. BNP Paribas analyst Santanu Chakrabarti explains why
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🏦 Development Banks
📝 NaBFID Q1 profit surges 88 per cent to Rs 360 crore
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💳 ATMs / Credit Cards
📝 Credit Card Payments: Maximise benefits of interest-free period
📝 Axis Bank Magnus Credit Card: New rules from September 1; Annual fee and benefits changed
📝 Match upgraded credit card benefits with spending pattern, beware of costs
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🗎 NBFCs / FIs / MFI
📝 CreditAccess Grameen Q1 Results: PAT rises 2.5 fold YoY at Rs 349 crore
📝 We have built a strong deposit franchise in last 6 years: Govind Singh, Utkarsh SFB
📝 PFC inks MoU worth ₹2.37-lakh crore with 20 firms
📝 Utkarsh Small Finance Bank IPO Listing: Shares have bumper debut on bourses, list at 60% premium
📝 L&T Finance’s retail portfolio expansion is on track, but credit cost, asset quality need tracking
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UPIs / Wallet / FinTech
📝 Paytm Q1 Results: Net loss narrows to Rs 357 crore; revenue jumps 39%
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🧔 Brokers / Distributors
📝 ICICI Securities Q1 Results: PAT dips 1% to Rs 271 crore, revenues surge 18%
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🗠 Bourses
📝 NSE cautions investors against assured returns scheme offered by two individuals
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Crypto
📝 Bitcoin falls below $30,000; XRP, Solana shed up to 5%
📝 Bitget partners with ClearTax to help users with crypto tax filings in India
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🗠 Mutual Funds / AMCs
📝 UTI Mutual Fund launches UTI Balanced Advantage Fund
📝 Bajaj Finserv AMC launches first equity scheme in flexi-cap category
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🗎 Govt. Securities / Bonds
📝 Indian bond yields steady ahead of Fed policy, end week flat
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