🗎 RBI / MoF / Govt. Policies

📝  Banks recovered Rs 10 lakh crore in last nine financial years
📝  RBI permits banks to open vostro accounts from 22 countries for trade in rupee
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🏦 PSB / Pvt Banks

📝  PNB Q1 Net Profit Soars Four-Fold to ₹1,255 crore
📝  M&M picks up 3.5% stake in RBL Bank for ₹417 cr
📝  Axis Bank Q1 PAT up 41% on strong growth in other, net interest income
📝  Bank of Baroda, DBS Bank and Karur Vysya Bank likely to sell their cumulative stake of just over 30% to Canara Bank
📝  Bank of Baroda Car Loan at fixed interest rate linked to Credit Score is available now. See details
📝  Axis Bank launches campaign Help our Mountain Heal to aid Himachal Pradesh flood victims
📝  No plans to sell stake in Canara HSBC Life Insurance, says PNB Chief Goel
📝  Federal Bank launches NR savings accounts for NRI women
📝  Banks may end FY24 with NIM at the same level as FY23
📝  1 in 3 private bank staff at entry level quits
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🏦 Co-operative Banks / RRBs

📝   RBI extends restrictions on Indian Mercantile Cooperative Bank till Oct 2023. Details here
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🏦 Foreign Banks / FIIs / I-Banks

📝  RBI's rate cut timeline may be pushed to FY25: DBS
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🏠 Housing Finance

📝  Poonawalla Fincorp receives ₹3,004 crore from sale of its controlling stake in housing finance arm
📝  PNB Housing sees potential in affordable housing as demand remains robust
📝  Can Fin falls 9% after ₹38cr fraud
📝  'Enhanced monitoring has helped PNB reduce slippages and enhance recovery'
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💳 ATMs / Credit Cards

📝  Adani, Visa sign deal to bring co-branded cards for travellers
📝  Swiggy HDFC Bank co-branded credit card offers up to 10% cashback. Check details
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🗎 NBFCs / FIs / MFI

📝  BlackRock to re-enter India through JV with Ambani’s new financial arm Jio Financial Services
📝  Bajaj Finance Q1 profit jumps 32.4%, new loans up 34% on-year; NII at Rs 8,398 crore
📝  Jio Financial Services demerger: How RIL is finally unlocking value for its shareholders
📝  NBFCs with superior asset quality will continue to grow: Sanjiv Bajaj
📝  Manappuram Finance aims for diversification; to take advantage of India growth story, says CEO
📝  Northern Arc’s ML tool NuScore to aid Pahal Financial Services’ underwriting
📝  Asirvad Microfinance IPO likely soon, issue size may be around Rs 1,500 cr
📝  Poonawalla Fincorp sells controlling stake in housing finance arm to Singapore company for Rs 3,004 crore
📝   Bajaj Fin troubled by rapid growth of personal loans
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UPIs / Wallet / FinTech

📝  Razorpay launches account for Indian exporters, offers savings on overseas bank transfers
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Crypto

📝  Binance withdraws application for crypto licence in Germany
📝  3 legal and regulatory challenges surrounding the use of cryptocurrencies
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🗠 Mutual Funds / AMCs

📝  AB Sun Life AMC profit up 80 pc on higher AUM
📝  LIC MF ranking to jump a notch after merger with IDBI MF
📝  Quant Mutual Fund launches Quant Manufacturing Fund
📝  Edelweiss Mutual Fund becomes lowest cost index fund provider
📝  Stay invested in hybrid funds, rather than taking big bets: S Naren, ICICI Prudential AMC.
📝  Jio BlackRock to enter mutual fund industry
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🗎 Equities, Pvt. Equity / Hedge Funds

📝  Federal Bank raises ₹3,040 cr via QIP
📝  Two equity schemes multiplied investors’ wealth by more than 10 times in 10 years
📝  FIIs pump ₹922 crore in Indian stocks; DII invest ₹470 crore on July 26; check details
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🗎 Govt. Securities / Bonds

📝  India swap rates hint Street does not expect rate cuts till Aug 2024
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✈ International

📝  Fed raises rates by 25 bps, keeps door open to more hikes as inflation remains elevated
📝  European banks flag bad loan risks as global economy falters
📝  Deutsche Bank Still Has Too Many Plot Twists
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