Top Indian Banking Industry News & Updates - 31 July 2023,Monday

🗎 RBI / MoF / Govt. Policies

📝  RBI may maintain status-quo on interest rate, say experts
📝  A look at banking presence and PM Modi's financial inclusion efforts
📝  PMJDY accounts set to touch 50 crore mark
📝  Banks start making provisions ahead of RBI’s ECL norms
📝  RBI sets targets for lenders on CBDC, unclaimed deposits
📝  About 80% of ₹2,000 notes back in banking system as of 30 June: FinMin
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🏦 PSB / Pvt Banks

📝  IDFC First Bank Q1FY24 results: Net profit rises 61% YoY at Rs 765 cr
📝  HDFC in bank’s fold takes borrowings, credit to new highs
📝  Banks step up CD issuances amid deposit growth lagging credit growth
📝  We are growing in a planned way: Indian Bank MD and Chief Executive SL Jain
📝  Karur Vysya Bank to announce co-lending pacts with more NBFCs
📝  SBI customer alert: Forced to buy insurance? Bank suggests what you can do
📝  Life insurance, MF JVs ready to list in 18 months, hive-off can unshackle cards: Canara Bank
📝  FPIs’ shareholding in HDFC Bank reaches record high; private banks attract foreign investments
📝  Axis Bank: Growth outlook strong; a robust 18% core PPoP growth from FY23 to FY26F seen
📝  ‘IDFC First to focus on cash flow-based lending business’
📝  Fino Payments Bank board approves proposal to apply for SFB license
📝  Bank of India Q1 net almost trebles to ₹1,551 cr. as asset quality improves
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🏦 Foreign Banks / FIIs / I-Banks

📝  Keen to participate with right groups for right projects: BofA’s Shankar Subramaniam
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💳 ATMs / Credit Cards

📝  How to make judicious use of your credit card
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🗎 NBFCs / FIs / MFI

📝  Five-Star Business Finance’s Q1 net profit jumps 32% on strong disbursals
📝  NBFCs maintain growth in Q1, wary of rising unsecured retail leverage
📝  Healthy outlook may help Shriram Fin investors ride Q1 bumps
📝  FedFina to raise up to ₹1,400 crore from IPO this year
📝  SBFC Finance and 4 other IPOs set to hit the Street this week
📝  Reliance General Insurance gets Rs 200 cr capital infusion from parent
📝  Borrowing costs may come down from Q3: Mahindra Finance's Ramesh Iyer
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UPIs / Wallet / FinTech

📝  KFin Technologies Q1 PAT up 16% on steady AUM growth, client addition
📝  BankBazaar.com hopes to breakeven this fiscal; to file DRHP for IPO next year
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🗠 Bourses

📝  NSE weighs extending trade timings gradually
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Crypto

📝  How is social media driving crypto adoption and awareness
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🗠 Mutual Funds / AMCs

📝  Hybrid mutual fund schemes gain traction, attract `14,000 crore in June qtr
📝  Mutual Funds: Equity savings fund gaining popularity due to stable returns
📝  Resilience shown by economies surprised market: Nippon India MF's Tripathi
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🗎 Equities, Pvt. Equity / Hedge Funds

📝  FPIs' buying spree continues; invest Rs 45,365 cr in equities in July
📝  Sebi seeks a balance in the business of alternative investment funds
📝  Realty booming but prefer to play it through building materials & home financiers: Pawan Parakh
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