Top Indian Banking Industry News & Updates - 06 July 2023,Thursday

🗎 RBI / MoF / Govt. Policies

📝  RBI draft says banks can't get into exclusive tie up with card issuers
📝  RBI panel moots multi-pronged plan to internationalise rupee
📝  RBI allows Credit Suisse to keep India banking licence: Report
📝  RBI cancels banking license of Malkapur Urban Co-operative Bank Buldhana
📝  Banks, NBFCs’ provisional Q1 figures show robust credit, deposit growth
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🏦 PSB / Pvt Banks

📝  HDFC Bank Q1 Update: Advances grow 13.1% to ₹16.15 lakh crore; deposits rise by 19.2% YoY
📝  Life after merger: HDFC twins have smartly rewarded investors. Can the joint entity repeat the feat?
📝  SBI shares up on proposalto acquire 100% stake in SBICAP Venture for ₹708 cr
📝  HDFC Bank says merged loan book with HDFC at $273.8 billion as of June end
📝  HDFC Bank’s special FD for senior citizens with higher interest rate will end soon: Check details
📝  HDFC Bank, IndusInd report strong loan growth, but CASA deposits lag
📝  Yes Bank Q1 loans & advances rise 7.7% YoY, deposits up 13.5%
📝  IDFC First Bank Q1 update: Loans rise 24% YoY to Rs 1.71 lakh crore; deposits jump 24%
📝  India Banks: Merger of HDFC Bank with HDFC is a serious makeover
📝  After merger, HDFC Bk loans touch Rs 22.5L cr
📝  Bank of India pays dividend of Rs 668 crore to government for FY23
📝  Banks asked to push stuck home projects worth more than Rs 3 trillion
📝  Private banks more aggressive in writing off bad loans than public banks
📝  Private banks see low-cost deposits’ share shrink in Q1
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🏦 Co-operative Banks / RRBs

📝  RBI cancels licenses of two co-operative banks
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🏦 Foreign Banks / FIIs / I-Banks

📝  Sirisha Voruganti appointed MD & CEO of Lloyds Banking Group's Technology Centre in India
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🏠 Housing Finance

📝  HDFC sells more bad loans to ACRE ARC
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💳 ATMs / Credit Cards

📝  RBI seeks to give customers choice of card network
📝  Visa, Mastercard or RuPay? Choice may be yours, not bank's
Read More >>

🗎 NBFCs / FIs / MFI

📝  Microfinance gross loan portfolio jumps 18% in FY23; write-offs up by 7.7%: Report
📝  Poonawalla Fincorp Q1 business update: Disbursements grow 143% YoY to ₹7,050 crore; stock hits 52-week high
📝  Veritas Finance raises Rs 1,200 crore through Multiples Private Equity
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UPIs / Wallet / FinTech

📝  Paytm sees 109% growth in merchants subscribing to payment devices as of June; merchant GMV jumps 37%
📝  Bharatpe hires Razorpay's Pankaj Goel as CTO
📝  Groww introduces UPI with ‘Pay’ feature
📝  Paytm loan disbursals grew 167% in Q1
📝  PhonePe’s delivery app Pincode expands to 10 more cities
📝  Paytm user addition slows; but loans, merchant network grows fast
Read More >>

🗠 Bourses

📝  Sebi sends notice to NSE on alleged misuse of trading software
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Crypto

📝  As cryptocurrency and digital assets see a rise in interest; is it time to make it to the will
📝  South Africa to make cryptocurrency-based licenses compulsory: Reports
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🗠 Mutual Funds / AMCs

📝  Small cap funds offer 13.42% in first half of 2023; toppers offer more than 17%
📝  Passives emerge as an easy and efficient way to boost returns: Chintan Haria of ICICI Prudential Mutual Fund
📝  AMFI classification sees JSW Energy, Tata Elxsi, Nykaa slip to mid-cap
📝  ‘Investing in undervalued asset classes is what makes you money’, S Naren, ED and CIO of ICICI Prudential AMC
Read More >>

🗎 Equities, Pvt. Equity / Hedge Funds

📝   Multiples PE leads ₹1,200 cr funding in Veritas Finance, two investors exit
📝  Indian equities benefit most from June foreign inflows into Asia
📝  India should push to add its bonds to global indexes: RBI report
Read More >>

✈ International

📝  No plans as of now to create a common currency: BRICS Bank CFO
📝  'Almost all' Federal Reserve officials agreed to skip June hike: Minutes
Read More >>


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