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
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