Top Indian Banking Industry News & Updates - 28 July 2023,Friday

🗎 RBI / MoF / Govt. Policies

📝  Banknotes with a Star (*) symbol identical to any other legal banknotes: RBI
📝  Currency note with * symbol in number panel valid note: RBI
📝  ATM frauds, others rose around 65% in 2022: FinMin
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🏦 PSB / Pvt Banks

📝  Private banks in India are battling rising attrition even as business grows
📝  Indian Bank’s Q1FY24 net profit rises 41%, gross NPAs reduce while margins jump
📝  Federal Bank’s arm Fedbank Financial re-files draft papers for IPO
📝  Ujjivan SFB Q1 Results: PAT surges 60% to Rs 324 crore; NII up 32%
📝  Banks' margins dip as deposit costs rise
📝  Union Bank calls bids for its Visa Steel loan
📝  Equitas, Fino gear up for upgrade in banking profile
📝  M&M buying a tiny part of RBL Bank: Is it a big deal?
📝  Private banks see strong Q1; eye corporate, unsecured lending
📝  ‘Sanctioned Rs 60,000 crore of corporate loans in last 4 months’: MD & CEO K Satyanarayana Raju, Canara Bank
📝  Mahindra & Mahindra tanks 6.40 per cent on RBL Bank stake purchase for Rs 417 crore
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🏦 Foreign Banks / FIIs / I-Banks

📝  Committed to India as we get to build a diversified portfolio, says CPP CEO Graham
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🏠 Housing Finance

📝  PNB Housing sees potential in affordable housing as demand remains robust
📝  Securing Your Future: Understanding the Benefits of Home Loans
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🏦 Development Banks

📝  SIDBI anchors Vivriti’s ₹700 crore SME-focussed fund
📝  ADB, India sign USD 295 million loan pact to upgrade state highways in Bihar
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💳 ATMs / Credit Cards

📝  Credit Card Rule Change: Axis Bank reduces benefits on Axis Magnus, Axis Reserve credit card
📝   Explained | RBI’s proposal for interoperability of credit and debit cards
📝  Love travelling? The best credit cards for discounts, cashbacks and more
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🗎 NBFCs / FIs / MFI

📝  Shriram Finance Q1 PAT up 25% on NII growth, lower provisions
📝  IIFL Finance Q1FY24 profit up 43% on robust loan growth, plans long-term reward, retention schemes for employees
📝  Bajaj Finserv Q1 profit up 48.4% on highest ever quarterly customer franchise growth
📝  Motilal Oswal Q1 Results: Consol PAT soars 17x YoY to Rs 527 crore on all-round performance
📝  When Aladdin meets Ambani: What JV with BlackRock means for Jio Financial Services
📝  Q1FY24 Highlights: Pranav Dholakia, Mauli Agarwal among new appointees at IIFL Finance
📝  Future Generali India Life Insurance enters into strategic alliance with JM Financial Services
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UPIs / Wallet / FinTech

📝  Digital payments rise 13% YoY at March-end 2023: RBI data
📝  Razorpay launches MoneySaver export account, offers savings on overseas bank transfers
📝  Insurtech players must focus on credit instead of distribution: PBFintech chairman Yashish Dahiya
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🗠 Bourses

📝  NSE's income from operations up 13% in June quarter
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Crypto

📝  Ethereum software infrastructure provider flashbots raises $60 million
📝  Crypto-friendly Wyoming’s stablecoin chief will earn more than governor Mark Gordon
📝  Crypto exchange CoinSwitch lists holdings after its second POR report
📝  Bitcoin rises above $29,400 post FOMC outcome; Solana, Cardano jump up to 7%
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🗠 Mutual Funds / AMCs

📝  Will Mukesh Ambani help Larry Fink unleash a Mutual Funds genie?
📝  Loans against MFs catch fancy with easy process & low rates
📝  Nippon Life India AMC profit doubles on higher assets under management
📝  Current risk-reward unfavourable; interest rates could be higher for longer: Asit Bhandarkar of JM Financial AMC
📝  Reliance’s Jio Fin, BlackRock tie up to launch India MF biz
📝  Mirae Asset Mutual Fund sees market outlook 'stable', launches multi-cap fund
📝  Markets near record highs! Adopt a staggered approach while making new equity purchases: Sahil Kapoor
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🗎 Equities, Pvt. Equity / Hedge Funds

📝  TTK Healthcare says delisting offer failed; shares tendered in buyback to be credited back to public shareholders
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🗎 Govt. Securities / Bonds

📝  Indian bond yields seen easing on bets Fed hiking cycle ending
📝  Chola Investment to raise Rs 1,500 cr via bond issue
📝  Sebi puts in place framework for corporate debt market development fund
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✈ International

📝  Barclays warns pressure building on UK retail bank, lifts buyback
📝  European Central Bank raises rates by 25 bps to highest level since May 2001
Read More >>


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