Daily Banking News Update from the Banking & financial sectors. A daily briefing about the banking updates from the Public Sector Banks, Private Sectors and RBI. Get the latest updates summarize for financial & banking subscribers. Also Read – No Bank Account Frozen Through U/S 91 CrPC Notices
Table of Contents
Daily Banking News Update from Banking Sector for 08th Nov
- RBI opts for smaller repo rate hike of 35 bps, hints at more to come : Main risk is core inflation remaining sticky: Governor.
- UPI to now allow blocking money for multiple debits, paves way for ASBA : The RBI said the Bharat Bill Payment System (BBPS) will now include a wider variety of recurring and non-recurring payments
- Strong interest: DIPAM receives as many as 167 queries about IDBI sale : 9-10 serious bidders seek clarity on the expression of interest
- Despite smaller rate hike, bond market sees no let-up in RBI tightening : RBI may have moderated rate hike, but vigilant tone suggests defense of rupee
- Why haven’t Banks Filed Cases Against Defaulters: SC : The Supreme Court on Wednesday asked the government and Reserve Bank of India (RBI) to submit an affidavit explaining why the lenders should not file criminal cases against loan defaulters and why the recommendations of an expert panel on banking reforms have yet to be implemented.
- Do Consecutive Holidays Hit Forex,Other Global Trade? RBI asks Banks
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Banks follow RBI’s signal; hike lending rates : Private sector HDFC Bank has hiked its marginal cost of funds-based lending rate (MCLR) effective Wednesday.
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NPCI in talks with RBI on UPI volume cap deadline : NPCI in November 2022 had proposed a 30 per cent volume cap for third-party app providers (TPAP) in a bid to avoid concentration risk.
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Savings Deposit Growth In Q2 Slumps To 9.4% YoY While FDs Gain Traction : Growth Of Money Kept In Current Accounts Moderated To 8.8% This September, From 17.5% A Year Ago
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RBI Conditional Approval To Carlyle, Advent’s Stake Buy In YES Bank : The Fund-Raising Would Be Conducted Through A Combination Of $640 Million (Rs 5,100 Crore) In Equity Shares And $475 Million (Rs 3,800 Crore) ..
