Top Indian Banking Industry News & Updates - 29 July 2023,Saturday
🗎 RBI / MoF / Govt. Policies
📝 RBI takes wholesale digi currency trials to call mkt
📝 RBI’s Digital Payments Index jumps to 395.57 in March from 377.46 in Sept
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🏦 PSB / Pvt Banks
📝 Four more foreign lenders approach UCO Bank for opening special Rupee Vostro Accounts
📝 Bank of India net profit surges nearly threefold to Rs 1,551 crore
📝 Fino Payments approves transition to SFB, to explore corporate restructuring
📝 UCO Bank Q1 Results: Net profit jumps 80% YoY to Rs 223 crore
📝 Equitas Small Finance Bank Q1 Results: Net profit doubles to Rs 191 crore on fall in provisions
📝 ‘Banking ecosystem’. L&T to tie up with banks in the Middle East
📝 UCO Bank has opened four special rupee vostro accounts, received RBI approval for opening 8 more
📝 Private banks see strong Q1; to monitor corporate, unsecured lending
📝 Ujjivan SFB’s cost of funds to go up, NIM to be about 9% for full year: MD
📝 Open for all kinds of opportunities where our risk-rewards match: SL Jain, Indian Bank
📝 PSU banks may deliver record profit of Rs 1.5 lakh crore this year: Raamdeo Agrawal
📝 DCB Bank Q1 Results: Net profit rises 31% to ₹127 crore, NII up 24%; gross NPA declines YoY
📝 Bank Holidays August 2023: Banks to remain closed on these days. Full list here
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🏦 Co-operative Banks / RRBs
📝 StreeNidhi posts 17 pc increase in net profit at ₹135 cr in FY23
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🏦 Foreign Banks / FIIs / I-Banks
📝 Govt. allows Indian companies to list on foreign exchanges through IFSC
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🏠 Housing Finance
📝 Indiabulls Housing board okays 62.5% dividend payout, rebranding plans
📝 Indiabulls' Gehlaut to exit flagship housing finance company
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🏦 Development Banks
📝 ADB, Centre sign $200 million loan for expanding urban services in Rajasthan
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💳 ATMs / Credit Cards
📝 SBI Cards Q1 Results: Profit down 5% YoY to Rs 593 crore
📝 How does the Swiggy HDFC credit card compare with other cashback cards?
📝 ATM frauds spiked 65% in 2022, informs finance ministry
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🗎 NBFCs / FIs / MFI
📝 Mahindra Finance Q1 PAT up 58% on strong disbursements, fall in provisions
📝 Aiming to increase gold loan mix: Shriram Finance Executive Vice Chairman Umesh Revankar
📝 Future Generali India Life signs distribution pact with JM Financial
📝 Motilal Oswal Financial Services founders commit 10% stake to philanthropy
📝 How to trade Bajaj Finance and Bajaj Finserv post Q1FY24 earnings?
📝 Shriram Finance expects strong growth in construction, farm equipment in Q2
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Crypto
📝 Crypto.com receives approval as a Dutch cryptocurrency service provider
📝 Bitcoin falls below $29,200; Dogecoin, Polygon shed up to 2%
📝 Tax filing for crypto investors: All you need to know
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🗠 Mutual Funds / AMCs
📝 FM Nirmala Sitharaman inaugurates backstop facility for mutual funds
📝 Backstop for debt MFs to provide safety net for investors
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🗎 Equities, Pvt. Equity / Hedge Funds
📝 Baring PE Asia to pick up 60-65% stake in Indira IVF
📝 BPEA picks up controlling stake in Indira IVF; TA Associates to exit
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🗎 Govt. Securities / Bonds
📝 Indian 10-year yield tops 7.15% as US peers spike; debt supply in focus
📝 India benchmark bond yield sees biggest daily rise in a month, jumps for week
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