Top Indian Banking Industry News & Updates - 25 July 2023,Tuesday
🗎 RBI / MoF / Govt. Policies
📝 Banks need to deal with poor loan defaulters in sensitive, humane way: Sitharaman
📝 Directed banks to 'sensitively' deal with loan collections, says Nirmala Sitharaman in Lok Sabha
📝 No proposal under consideration to extend date for exchange/deposit ₹2,000 note, says Govt
📝 PSBs lent ₹4,12,227.10 crore to public sector in 2022-23: FM
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🏦 PSB / Pvt Banks
📝 Tamilnad Mercantile Bank eyes 12-15 pc growth in current financial year: MD & CEO
📝 Bandhan Financial Holdings to acquire Aegon Life Insurance
📝 IDBI Bank profit soars 62% on strong loan growth
📝 Canara Bank’s Q1 net profits up 74.8% to ₹3,535 crore
📝 Banks told to alert customers on frauds related to Mudra loans
📝 Domestic banks lure techies from top tech companies
📝 Not worried about unsecured retail loan delinquencies: Kotak Mahindra Bank joint managing director Dipak Gupta
📝 RBL bank targets 5% NIM in FY24
📝 Meet Shashidhar Jagdishan, the CEO of HDFC Bank who met Tim Cook and is about to launch Apple card in India, know about his journey & net worth
📝 Tamilnad Mercantile Bank’s Q1 net rises 12%, asset quality improves
📝 Kotak Bank drops 3.8% amid succession, valuation concerns
📝 Jammu and Kashmir Bank Q1 Results: Net profit nearly doubles to Rs 326 crore
📝 For how many years should one run a bank?
📝 ICICI Bank shares gain 1% post June quarter earnings
📝 Rane Brake Rane Brake Lining Q1 standalone net slids by 11% to ₹5.2 crore
📝 ICICI Bank's Q1 deposits exceed expectations
📝 Canara Bank was top lender to public sector cos in FY23
📝 KVB opens four new branches
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🏦 Co-operative Banks / RRBs
📝 Sahara Cooperative refund: 700,000 log into portal to claim ₹158 crore
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🏠 Housing Finance
📝 PNB Housing Finance profit rises 48% on strong loan growth
📝 Varashakti Housing Finance raises ₹35 crore from impact investor Incofin
📝 Housing rebound poses challenge for Fed's inflation fight
📝 LIC Housing Finance plans to raise Rs 1,250 crore through bond sale
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💳 ATMs / Credit Cards
📝 HDFC Infinia reclaims top spot as Axis devalues Magnus credit card
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🗎 NBFCs / FIs / MFI
📝 Poonawalla Fincorp profit surges 62% y-o-y
📝 Spandana Sphoorty Q1 Results: Interest income more than doubles to Rs 493 crore
📝 Auxlio Finserve raises Rs 470 crore from investors
📝 NuScore to aid Pahal Financial Services underwriting
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UPIs / Wallet / FinTech
📝 Taxpayers can now pay income tax via PhonePe
📝 Funding in fintech startups plunged 67% in H1 2023 with decline in seed, early-stage investments
📝 Delhi HC quashes Rs 96 lakh penalty on PayPal by FIU
📝 Indian fintech sector sees bleak first half of 2023 as funding drops 67%
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🧔 Brokers / Distributors
📝 Sebi suspends registration of two brokerage firms in NSEL paired contracts case
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🗠 Bourses
📝 SEBI exploring instantaneous settlement of trades at bourses: Madhabi Puri Buch
📝 Companies may be allowed to delist via fixed price: Sebi Chief
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Crypto
📝 75% of respondents understood how crypto is taxed in India: Survey
📝 Peer-to-peer crypto exchanges lose ground in shrunken market
📝 Bitcoin slips below $29,800; Tron, XRP decline up to 3%
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🗠 Mutual Funds / AMCs
📝 HDFC AMC Q1 Results: PAT rises 52% YoY to Rs 477.5 crore on higher other income
📝 Experts ask investors to focus on MFs with risk management, track record
📝 ICICI Prudential Mutual Fund launches ICICI Prudential Nifty 200 Quality 30 ETF
📝 HDFC Mutual Fund launches HDFC Charity Fund for Cancer Cure
📝 Bajaj Finserv Flexi Cap Fund, two other NFOs open for subscription
📝 ‘A multi cap fund provides more sectoral diversification’
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🗎 Govt. Securities / Bonds
📝 Most investors expect a market correction: Naveen Kulkarni, Axis Securities
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✈ International
📝 Credit Suisse-Archegos mess: UBS slapped with $400 million fine
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