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
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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 >>


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