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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