Top Indian Banking Industry News & Updates - 26 July 2023,Wednesday
🗎 RBI / MoF / Govt. Policies
📝 PayPal is a Payments System Operator, rules Delhi High Court
📝 Central banks need to bring in climate-related risks in supervisory framework: RBI
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🏦 PSB / Pvt Banks
📝 Dvara KGFS, HDFC Bank in co-lending pact to support micro businesses in rural India
📝 IDBI Bank plans to recover Rs 4,000-crore bad loans in FY24
📝 IDFC First Bank’s Vaidya is an ‘atomic habit’ in motion. Investors need to trust his instincts.
📝 AU small finance bank planning to operationalise AD-I licence
📝 Axis Bank Q1 Preview: PAT may surge 45% YoY; Citi ops integration impact in focus
📝 Kotak CTO on bank's new talent strategy as it expedites digitization
📝 Big banks locked in ‘war’ for large corporate loans
📝 Canara Bank, major lender to State PSUs and corporations for fifth year in a row
📝 Banks to now conduct stress tests on loan book frailty
📝 Federal Bank raises Rs 3,099 crore via QIP route
📝 Canara Bank confident of managing NIM at around 3%, expects 12-14% credit growth: MD
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🏦 Co-operative Banks / RRBs
📝 RBI imposes curbs on National Coop Bank, the Bengaluru bank founded by a Gandhian
📝 National Cooperative Bank comes under RBI action, scores of depositors rush to withdraw money
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🏦 Foreign Banks / FIIs / I-Banks
📝 HSBC pledges India wealth commitment over Michelin star meal
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🏠 Housing Finance
📝 Can Fin Homes says employees committed nearly Rs 38.53 cr fraud
📝 No slowdown in affordable housing space: PNB Housing Finance MD & CEO
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💳 ATMs / Credit Cards
📝 ‘No advice yet’ to banks on bringing overseas credit card spend under LRS
📝 White label ATMs set to drive ATM spread in tier III to VI centres: Karad
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🔍 Rating / Research
📝 More corporates turn to large private banks for loans: Report
📝 HDFC Bank overtakes SBI in CRISIL's corporate banking ranking for 2023
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🗎 NBFCs / FIs / MFI
📝 SIDBI constitutes advisory committee on NBFCs
📝 TVS Credit posts 41% net profit growth in Q1 FY24
📝 Bajaj Finance Q1 Preview: PAT likely to rise up to 34% YoY on robust new loan bookings
📝 India’s Piramal plans to raise $1.5bn for private credit
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UPIs / Wallet / FinTech
📝 Kerala Startup Mission signs pact with IFSCA to bolster fintech startups
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🧔 Brokers / Distributors
📝 Stock market: Zerodha has this good news for options traders
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Crypto
📝 Traders in dilemma over disclosing cryptocurrency as foreign asset
📝 UK data watchdog to make enquiries about Worldcoin crypto project
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🗠 Mutual Funds / AMCs
📝 UTI AMC Q1 profit jumps over two-fold to Rs 234 crore
📝 HDFC Pension’s Sriram Iyer on 4 key benefits of NPS as a retirement investment product
📝 HDFC AMC is launching a fresh edition of its Cancer Cure Fund
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🗎 Equities, Pvt. Equity / Hedge Funds
📝 Gentlemen at the gate: Inside a new KKR
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🗎 Govt. Securities / Bonds
📝 AP Beverages may raise up to Rs 5,000 cr through issuance of bonds
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