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
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🗎 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
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🗠 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
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🗎 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
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✈ 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
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