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FS Daily Bytes: 21st Sep

India

  1. RBI recently released the handbook of statistics on Indian Economy 201617. The same can be accessed at here.
  2. UIDAI authority has slapped notices to Bharti Airtel and Airtel Payments Bank on usage of Aadhar for e-KYC without informed consent of the customer. This is against the laid down policy of UIDAI
  3. A ICRA report estimates the private sector contribution to loan book may increase to 38-40% by FY20 from current 27% (March 2017). Current loan book growth is primarily fueled by pvt sector
  4. SBI Card is now set ready to issue preapproved credit cards to SBI bank customers based on a tripartite agreement reached with SBI bank and Transunion CIbil (for credit checking)
  5. NPCI appointed B Sambamurthy as interim Chairman of the Board
  6. D&B CFO Composite Index (Survey outcome) declined by 11% in Q3FY17 YoY primarily due to impact of note ban and GST
  7. Banks are likely to reject beleaguered steel major Essar Steel request for working capital loan though the lenders are easing off some of the other restriction for sake of their own interest

Rest of World

  1. German banking major Commerzbank is again the subject of takeover talks after it was reported that Government plans to unload its 15.6% stake it acquired during the last global crisis

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