Top Indian Banking Industry News & Updates - 04 July 2023,Tuesday

🗎 RBI / MoF / Govt. Policies

📝  Over 75% of Rs 2,000 notes returned by users to banks
📝  Monetary policy making is like flying blind due to lagged data, says RBI deputy governor Michael Patra
📝  Bank credit to micro, small enterprises up 14.5% YoY in May under priority sector lending: RBI data
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🏦 PSB / Pvt Banks

📝  IndusInd Bank holding co to raise $1.5 bn to fund RCap buy, increase stake in lender to 26 pc
📝  After HDFC twins, IDFC First Bank plans merger with IDFC; board gives approval
📝  Federal Bank’s deposits and advances up 21% YoY in Q1
📝  Federal Bank shows strong business in Q1; total advances, gross advances up by 21% each
📝  Bank of Maharashtra clocks 25 per cent loan growth
📝  HDFC twins’ merger could lead to more real estate opportunities for AIFs, NBFCs
📝  Five banks post healthy y-o-y growth in advances
📝  HDFC twins shine as analysts see all-round benefits
📝  HDFC Bank at record high post HDFC-merger, among world's top 10 banks by value
📝  Will follow path and structure of ICICI, HDFC Bank: IDFC First Bank CEO
📝  Made it a point to ensure zero customer disruptions: HDFC Bank Deputy MD
📝  SBI gives ₹22 crore to IIT-Bombay to strengthen its data analytics, AI capabilities
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🏦 Co-operative Banks / RRBs

📝  Urban cooperative banks continue to struggle on multiple fronts
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🏦 Foreign Banks / FIIs / I-Banks

📝  Singapore’s star banker Piyush Gupta creates a succession dilemma for DBS
📝  Rajeev Misra’s $7 billion fund scouting for India opportunities after debut investment in Shapoorji Pallonji
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🏠 Housing Finance

📝  Piramal Capital sells bad loans to Omkara ARC
📝  ‘Maitreyi’, Piramal Finance’s first all-women branch opens at Tripunithura near Kochi
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💳 ATMs / Credit Cards

📝  How will changes in TCS regime affect international credit card holders?
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🔍 Rating / Research

📝  India needs to integrate itself into the global semiconductor supply chain: SBI Research
📝  NRIs want customized product offerings, round-the-clock customer support by Indian banks: Survey
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🗎 NBFCs / FIs / MFI

📝  IIFL Finance raises $175 million through ECB route
📝  JM Financial hits 1st close of ₹600cr for its maiden credit fund
📝  L&T Finance sells real estate loans to Phoenix ARC for over Rs 1,000 cr
📝  Incred Financial plans to raise $150m to expand its loan book
📝  Muthoot Microfinance files documents for Rs 1,350 crore IPO
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UPIs / Wallet / FinTech

📝  Shriram Finance ties up with Paytm to offer digital loans
📝  Soon, you may be able to use the same QR codes for e-Rupee and UPI payments
📝  Cos operating in India must abide by local regulations: Paytm Founder
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🗠 Bourses

📝  BSE Sensex rises 82% in 5 years. 5 Mutual Funds tracking it turn Rs 10 lakh into Rs 18.8 lakh
📝  Today is a great day for India and NSE: Ashish Chauhan
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Crypto

📝  Home ministry to host two-day G20 meet on crime and security in age of NFTs, AI and Metaverse
📝  Singapore tells crypto platforms to keep client money in a trust
📝  Bitcoin holds above $30,600; Polkadot, Polygon rise over 3%
📝  CoinDCX partners with KoinX to allow crypto tax tracking on its platform
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🗠 Mutual Funds / AMCs

📝  How to rebalance your mutual fund portfolio? Radhika Gupta shares 8 takeaways
📝  Edelweiss AMC announces merger of Edelweiss ETF- Nifty Bank with Edelweiss Nifty Large Midcap 250 Index Fund
📝  Large cap mutual funds offer 7% in Jan-June; topper gives 11%
📝  MFs in favour of category-wise TER slabs
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🗎 Equities, Pvt. Equity / Hedge Funds

📝  Holiday home ownership platform Equity Address in talks to raise $2.5 million
📝  FPIs pump over Rs 1 lakh crore into equities in April-June, take markets to new peaks
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🗎 Govt. Securities / Bonds

📝  Edelweiss Financial Services to raise funds via non-convertible debentures
📝  Benchmark yield rises, pushing up borrowing costs
📝  Indian bond yields to edge higher, heavy state debt supply hurts
Read More >>


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