Issue: 1296
·
Bank of America to acquire up to 49.9% stake in Jio Credit
for Rs.18,268 crore.
·
HDFC Bank in talks with 4 West Asian banks to raise $2
billion.
·
UPI costs Rs 20,700 crore, government allocation just Rs
2,000 crore: Parliament Panel.
·
The cumulative exports (merchandise & services) during
April-July 2026-27 is estimated at US$ 316.42 Billion, as compared to US$
279.63 Billion in April-July 2025-26, an estimated growth of 13.16%..
·
Kiwi broadens UPI credit play with Yes Bank partnership,
Postpaid launch.
·
Anchor investors sell half of IPO holdings within a year;
FPIs emerge as biggest sellers: SEBI study.
India to be first official
partner country at Russian Energy Week 2026 in Moscow: India will be the first-ever official partner
country of the Russian Energy Week International Forum, with the country’s oil
and gas industry set to showcase projects and investment opportunities at the
three-day event in Moscow in October. India will serve as the official partner
country at the Russian Energy Week (REW) 2026, scheduled to be held in Moscow
from October 14 to 16, marking a significant expansion of energy cooperation
between India and Russia. The Russian Energy Week is organised by the
Roscongress Foundation, with the support of the Government of the Russian
Federation, the Russian Ministry of Energy and the Government of Moscow. The
official REW website says the 2026 forum is expected to bring together around
7,000 delegates from 100 countries and territories.
(Business Today)
FCNR inflows provides
support to short end of G-sec curve: The G-sec yield curve is
likely to steepen further as foreign currency non-resident (FCNR-B) deposit
inflows boost demand for shorter-dated government securities. The inflows are
adding to rupee liquidity and supporting demand at the short end of the curve. Driven
by FCNR-B inflows, the five-year G-sec yield has fallen 44 basis points since
the June policy, compared with a smaller decline in the 10-year benchmark
yield. The spread between the five-year and 10-year bonds has widened to 41
basis points from over 15 bps in May. On Wednesday, the five-year and 10-year
yields closed at 6.35% and 6.76%, respectively. The benchmark 10-year paper has
largely traded in the 6.73-6.84% range over the past month.
(Financial Express)
Telecom sector’s AGR dues
remain at Rs 1.41 lakh crore; Vodafone Idea accounts for nearly half: The outstanding adjusted gross
revenue (AGR) dues of major telecom service providers stood at Rs 1.41 lakh
crore as of March 31, 2026, with Vodafone Idea accounting for the largest
share, according to a Rajya Sabha reply by the Department of Telecommunications
on Thursday. The total outstanding dues
stood at Rs 1,40,876.63 crore, of which Vodafone Idea Limited (VIL) owed Rs
66,149 crore, followed by Bharti Group at Rs 41,178.58 crore and Tata Group at
Rs 16,649.77 crore. MTNL had outstanding dues of Rs 14,870.39 crore, while
Reliance Jio Infocom owed Rs 2,028.89 crore. BSNL had no outstanding AGR dues
as of March 31, 2026.
(Business Standard)
Finance Ministry weighs
tiered MDR and subsidies phase-out for high-value UPI payments: The Finance Ministry has told
a Parliamentary panel that two options related with merchant discount rates
(MDR) are being considered to sustain the UPI (Unified Payment Interface) and
reduce the burden on government exchequer. Meanwhile, the panel cautioned that
delay in operationalising enabling statutory provision for levying MDR on
high-value transaction might have serious repercussion. “Given the
sustainability of the UPI ecosystem and the burden on the Government exchequer,
the Department is currently exploring two options. First, examining the
feasibility of restoring MDR for certain high threshold transactions/merchants;
and second, a tiered incentive structure to phase out the government support in
the next few years,”
(Business Line)
SBI raises Reg S bonds: State Bank of India (SBI) has
secured $500 million via bonds issue through its London branch at a coupon rate
of 5.25%, a pricing which is considered to be fine in a difficult macroeconomic
environment. The ‘Regulation S’ bond is benchmarked against the 5-year US
Treasury and priced at a spread of 88 basis points over the benchmark. Though the
initial price guidance was around 120 basis points over US Treasuries, the bank
said strong investor demand allowed the spread to compress by 32 basis points
at final pricing.
(Financial Express)
Lenders seek greater
flexibility in pricing: Banks and non-banking
financial companies are seeking greater flexibility in determining lending
rates under the Reserve Bank of India’s (RBI’s) proposed interest-rate
framework, saying differences in funding costs, operating expenses and borrower
risk profiles make it difficult to standardise pricing. “We are still
evaluating. But what we can see is that some leeway should be given to banks to
determine these figures.
(Financial Express)
Indian bank deposits jump
by $115 billion over three fortnights to record high: Indian banking system deposits have reached a
record high after recent significant growth. This surge is primarily supported
by dollar inflows into banks from a central bank scheme. The Reserve Bank of
India's foreign-currency non-resident scheme attracted substantial foreign
currency deposits. These inflows have helped boost overall banking system
deposits to a new record level. Credit conditions are expected to remain strong
as deposit growth continues.
(Economic Times)
Banks to reveal loan rates
every month in RBI's disclosure tweak: The Reserve Bank of India has proposed new
lending rate guidelines. Regulated entities must declare lending rates monthly
and reset floating loans quarterly. Total charges for microfinance and small
loans will be capped by the regulator. These new norms aim to harmonize
interest rate determination methods. Final guidelines will take effect from
April 1, 2027.
(Economic Times)
Google unveils Gemini 3.7
Flash AI model for coding, agent workflows: Alphabet's Google launched Gemini 3.7 Flash on
Thursday, its latest AI model designed for software coding and automated
business tasks, but offered no details on when its flagship Pro model will be
released. Investors have been closely watching for Gemini 3.5
Pro, Google's premium model, as a test of whether its DeepMind AI unit can keep
pace with rivals Anthropic and OpenAI. Google had said in July Gemini 3.5 Pro
was being tested with partners and would be coming "soon".The company
is pitching the model as a lower-cost option for businesses building autonomous
AI systems that can plan tasks, use software tools and complete multi-step
workflows with less human intervention.
(Business Standard)
India's solar additions
rise 38% ahead of ALMM-II deadline: Report: India added 34 GW of solar capacity in the
first half (H1) of 2026, which is 38 per cent above H1 2025 levels, as
developers raced to commission projects ahead of the June deadline for the
Approved List of Models and Manufacturers-II (ALMM-II) for solar cells,
according to Wood Mackenzie’s ‘From Modules to Cells: India Deepens its Solar
PV Push’ report. The analytics company forecast the additions in
2026 to exceed 50 GW. “India is set to commission more solar capacity in 2026
than in any year in its installation history, even as the policy driving that
surge simultaneously creates a supply crunch that will push system prices
significantly higher,” it said.
(Business Standard)
Surge in imports bill
pushes trade deficit to 6-month high of $31.98 bn: A sharp rise in imports in July pushed up
India’s trade deficit for the month to a six-month high of $31.98 billion even
as both merchandise exports and imports hit their second-highest levels in the
same period, according to the data from commerce-ministry. The trade deficit stood
at $30.42 billion in June and $27.88 billion in July a year earlier. Imports of
goods in July rose to a nine-month high at $76.22 billion while goods exports
jumped nearly 20 per cent to $44.24 billion during the month.
(Business Standard)
SEBI proposes Rs.5 crore
asset test for accredited investors: SEBI has proposed adding a securities-market
asset test to the eligibility criteria for Accredited Investors (AIs),
potentially widening the pool of investors who can qualify for the status. The
regulator has issued a consultation paper seeking public comments on a
comprehensive review of the existing Accredited Investor framework. Under
the proposal, securities market assets of Rs.5 crore for individuals and Rs.20
crore for body corporates would be introduced as an additional eligibility
criterion for accreditation, alongside the existing income- and net-worth-based
criteria.
(Business Today)
SEBI plans SME IPO route
for companies valued up to Rs.5,000 crore: SEBI is considering raising the maximum
post-issue paid-up capital for companies listing on SME platforms to Rs.100
crore from the current Rs.25 crore, a move that could allow companies with
market valuations of up to about Rs.5,000 crore, nearly 10 times higher than
the typical sub-Rs.500 crore companies currently listing on the SME platform,
to tap the SME IPO route. The proposed change forms part of a broader review of
the SME framework, which includes easing the minimum application size of Rs.2
lakh for trading lots and easing mandates of market making and underwriting,
said people familiar with the matter.
(Business Line)
Sebi proposes mandatory
'Credit Risk-o-Meter' for debt securities: SEBI on Thursday proposed making a
colour-coded ‘Credit Risk-o-Meter’ mandatory for debt securities to help
investors, particularly retail investors, assess credit risk more easily. Under the proposal,
issuers and online bond platform providers (OBPPs) would be required to display
the Credit Risk-o-Meter in offer documents, abridged prospectuses, private
placement memorandums, all advertisements, and on OBPP web and mobile
platforms. A similar mechanism is in place for mutual funds, where the risk is
shown through a colour-coded meter. The proposed meter would map the existing credit
rating framework, ranging from AAA to D, into six visual risk categories. These
would range from “lowest credit risk” for AAA-rated securities to “high to very
high risk of default” for securities rated B+, B, B-, C+, C, C- and D. Each
category would have a corresponding colour code.
(Business Standard)
EMPLOYEE VALUE PROPOSITION (EVP)
· Employee Value Proposition (EVP) refers to the total
package of financial and non-financial benefits, opportunities, experiences and
values that an organisation offers its employees in return for their skills,
performance, commitment and contribution.
·
It includes salary and
benefits, career growth, training and development, recognition, work-life
balance, organisational culture, job security, leadership quality and
meaningful work.
·
A strong EVP helps an
organisation attract, engage, motivate and retain talented employees while
improving employee satisfaction and organisational performance.
RBI KEY RATES
Repo
Rate: 5.25%
SDF:
5.00%
MSF
/Bank Rate: 5.50%
CRR:
3.00%
SLR:
18.00%
FOREX RATES (RBI REF. RATE)
INR
/ 1 USD : 95.4098
INR
/ 1 GBP : 128.6181
INR
/ 1 EUR : 109.8784
INR
/100 JPY: 59.8500
EQUITY INDEX
Sensex:
78079.96 (+113.61)
NIFTY:
24395.85 (-40.10)
Bnk NIFTY: 57635.25 (-250.60)
Partition Horrors Remembrance Day: August 14 is celebrated
as Independence Day in Pakistan, marking its freedom from British rule in 1947.
In India, the same date is observed solemnly as Partition Horrors Remembrance
Day to honor those who suffered during the 1947 partition.
Historical events: August 14 holds
profound significance in Indian and world history, primarily marked by the
midnight birth of Pakistan on August 14, 1947, resulting in the tumultuous
partition of British India, and commemorated in India as Partition Horrors
Remembrance Day. Globally, the date marks pivotal moments including the
adoption of the Atlantic Charter in 1941 and V-J Day announcements in 1945.
****Have a nice Day****
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