Top Indian Banking Industry News & Updates - 24 July 2023,Monday

🗎 RBI / MoF / Govt. Policies

📝  Banking sector among the strongest globally: PM Narendra Modi
📝  Banks write off bad loans worth Rs 2.09 lakh crore in 2022-23: RBI
📝  Forward Guidance: What RBI can learn from Infosys
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🏦 PSB / Pvt Banks

📝  HDFC Bank expects 17-18% credit growth this year
📝  AU Small Finance Bank posts 44% rise in profit
📝  Our focus is on growing CASA, not bulk deposits, says Union Bank’s MD & CEO
📝  YES Bank to acquire microfinance to reduce legacy PSL drag: MD
📝  ICICI Bank Q1 Results: Profit up but margins slow, NPA additions increase
📝  Kotak Bank Q1 PAT up 67% on strong NII, other income growth
📝  YES Bank Q1 PAT up 10% on growth in other income, retail loans
📝  Domestic banks lure techies from top tech companies
📝  Private banks go slow on growing their corporate loan book due to lower yields
📝  ESOPs by private banks pick pace as employee churn intensifies
📝  South Indian Bank projecting a credit growth of 12-13% in FY24: MD & CEO
📝  RBL Bank posts 43% rise in net profit
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🏦 Foreign Banks / FIIs / I-Banks

📝  Market wiew of rates and asset prices disconnected: Jaideep Khanna, head, Barclays
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🏠 Housing Finance

📝  Subsidy withdrawal, land prices weigh on affordable housing; home loan growth dips on waning demand in segment
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💳 ATMs / Credit Cards

📝  Benefit from card network switch
📝  Banks get 8 months to effect TCS on international credit card spend
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🗎 NBFCs / FIs / MFI

📝  Bain Capital to acquire 90% stake in Adani Capital, Adani Housing
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UPIs / Wallet / FinTech

📝  Paytm to generate free cash flow by year end, says CEO Vijay Shekhar
📝  Paytm says quarterly revenue rises 39% as loan demand soars
📝  Paytm net loss narrows to ₹358 crore in Q1, revenues up 39% y-o-y
📝  More room for players in fintech space: Paytm CEO Vijay Shekhar Sharma
📝  There is no winner-take-all competition, Paytm’s Vijay Shekhar Sharma on Jio’s entry
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Crypto

📝  Understanding slippage in crypto trading and techniques to minimise it
📝  Bitcoin consolidates below $30,000 as market books profits after the last week’s rally
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🗠 Mutual Funds / AMCs

📝  Optimism in Indian equity markets at a heightened level: D.P. Singh, SBI Mutual Fund
📝  Vivriti bets big on pvt credit
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🗎 Equities, Pvt. Equity / Hedge Funds

📝  Mauritius slips out of top 3 source nations for FPIs in India
📝  FPIs stay invested in Indian equities; put in Rs 43,800 cr this month
Read More >>


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