Top Indian Banking Industry News & Updates - 01 July 2023,Saturday
🗎 RBI / MoF / Govt. Policies
📝 Banks to begin reporting on new data warehouse CIMS: RBI Governor Shaktikanta Das
📝 Retail borrowers missing payments worries RBI
📝 Government raises interest rates on select small saving schemes by up to 0.3%
📝 RBI floating rate bonds interest rate hiked to 8.05% from July 1, 2023
📝 Banks witness robust deposit accretion and credit demand in reporting fortnight
📝 Rate risk: RBI can end up with a dal-rice problem on its plate
📝 Share of loans bearing over 9% interest rate hits 56.1% in March, says RBI
Read More >>
🏦 PSB / Pvt Banks
📝 HDFC-HDFC Bank mega merger to be effective July 1, Jul 13 fixed as record date
📝 HDFC Bank completes merger with HDFC after final board approval
📝 HDFC Bank to be world’s fourth most valuable lender
📝 State Bank of India appoints four directors
📝 Federal Bank expands footprint by opening 8 new branches
📝 Our history cannot be erased: Deepak Parekh writes to HDFC shareholders before ‘hanging boots’
📝 India's indigenous HDFC to seal place in top echelons of world's most valued banking space
📝 HDFC merger to create world's fourth largest bank by mkt cap
📝 PSBs, eligible pvt banks authorised to implement Mahila Samman Savings Certificate
📝 Effective merger. Synergies between HDFC Bank and group companies to deepen following merger: Parekh
📝 HDFC vaults into ranks of world’s most valuable banks
📝 HDFC posts 9% year-on-year growth in managed assets till June-end
📝 RBI approves AP Hota's appointment as Federal Bank's non-executive chairman
📝 HDFC-HDFC Bank merger: On global stage today, $180 bn banking giant
📝 PSBs, eligible private banks authorised to implement Mahila Samman Savings Certificate
📝 HDFC buys additional stake in insurance firm HDFC ERGO to make it an arm
📝 Punjab National Bank raises Rs 3,090 cr from bonds to fund business growth
📝 Deepak Parekh quits HDFC after 46 years
📝 Federal Bank appoints former NPCI MD A.P. Hota as new chairman
📝 Homegrown bank giant bigger than Morgan Stanley to arise from India merger
📝 Deepak Parekh passes the baton to 'Sashi' with 'hope and anticipation'
📝 MSS certificate can be operationalised at PSBs, select private banks: Govt
Read More >>
🏠 Housing Finance
📝 Deepak Parekh signs off: Looking back at an industry icon's extraordinary career
📝 Deepak Parekh quits HDFC, says 'it's time to hang my boots'
📝 Want a longer home loan tenure of 40 years for lower EMIs? Be ready to pay 133% higher interest
Read More >>
🗎 NBFCs / FIs / MFI
📝 Paytm, Shriram Finance in pact to extend financial services to small merchants
📝 Shriram Finance eyes $150 million social loan, HSBC lead arranger
📝 Loans to services including NBFCs and aviation drive credit growth in May
📝 Aditya Birla Capital raises Rs 3,000 cr via QIP
📝 IIFL Fin Raises $175M Through ECB Route for Lending Biz
Read More >>
UPIs / Wallet / FinTech
📝 Paytm partners Shriram Finance to boost access to credit
📝 Shrinking the space for fintechs
Read More >>
🗠 Bourses
📝 Mcap of BSE-listed firms at all-time high of Rs 295.72 lakh crore
Read More >>
Crypto
📝 South Korea takes initiative to deal with crypto conundrum
📝 United Kingdom to pass a new cryptocurrency bill
📝 Bitcoin rises above $30,700; Solana, Litecoin jump over 14%
Read More >>
🗠 Mutual Funds / AMCs
📝 HDFC AMC shares jump 15%, hit 52-week high after Sebi defers decision to overhaul TER regulations
📝 How can Sebi keep AMCs and mutual fund investors happy? A Balasubramanian answers
📝 AMC stocks surge as Sebi defers TER rationalisation
📝 At higher levels obviously the valuations are high: Harsha Upadhyaya
📝 Axis Focused 25 Fund completes 11 years; offers 13.75% since inception
Read More >>
🗎 Equities, Pvt. Equity / Hedge Funds
📝 Equity market sizzles as FPI inflow in June hits 10-month high
Read More >>
🗎 Govt. Securities / Bonds
📝 Government okays 27th tranche of electoral bonds; sale from Monday
📝 India bonds see best quarter in 3 years on RBI rate pause
📝 Foreigners flock to snap up 18.75% yield on India low-grade bond
Read More >>