Top Indian Banking Industry News & Updates - 07 July 2023,Friday

🗎 RBI / MoF / Govt. Policies

📝  FM asks PSBs to follow transparent NPA recognition norms, pursue robust risk management
📝  RBI governor stresses on fiscal consolidation
📝  RBI appoints P Vasudevan as new executive director
📝  15 financial transactions that cannot be done with an inoperative PAN
📝  Ensure loans to farmers, micro-enterprises: FM Nirmala Sitharaman to PSBs
📝  IBA sets up 5-member group to implement RBI committee’s recommendations on ARCs
Read More >>

🏦 PSB / Pvt Banks

📝  State Bank of India rejigs senior leadership to boost dominance
📝  Karnataka Bank opens digital hub in Bengaluru
📝  HDFC merger poses increased competition in deposits segment for PSBs: Govt
📝  Public sector banks confident of withstanding macro shocks, says govt
📝  HDFC Ltd-HDFC Bank merger: Will HDFC Ltd fixed deposit investors get the benefits of HDFC Bank FDs post-merger?
📝  G20 panel moots development banks' greater engagement with private sector
📝  PNB launches its virtual branch in the Metaverse
📝  Ujjivan Small Finance Bank gross loan book rises 31%
📝  HDFC Bank- HDFC deal, a merger that will leave India’s banks gasping
📝  IDFC-IDFC First Bank merger: Did the bank get the short end of the stick?
📝  This can be a template for why big is necessary: HDFC Bank chairman
📝  HDFC merger will shrink mortgage-backed securities
📝  DCB Bank share price jumps 8% as Tata AMC gets RBI nod to raise stake in lender
Read More >>

🏦 Co-operative Banks / RRBs

📝  FM to soon review performance of Regional Rural Banks
Read More >>

🏦 Foreign Banks / FIIs / I-Banks

📝  Finance Ministry pushes for reforms to spur FDI inflows
Read More >>

💳 ATMs / Credit Cards

📝  Credit Card portability: Change from Visa to MasterCard to RuPay or any network soon – What RBI said
📝  RBI circular on network choice seen helping RuPay grow credit card base
📝  Banks and non-banks to seek clarification from RBI on co-branded cards
Read More >>

🔍 Rating / Research

📝  Securitisation volume soars 60% to Rs 53,000 cr in Q1, may slow down going forward on HDFC exit
📝  Securitisation volumes on track to rise 60% in Q1: ICRA
Read More >>

🗎 NBFCs / FIs / MFI

📝  Microfinance lenders have written off Rs 26,000 crore of sticky loans after Covid: Report
📝  Satin Creditcare aims at Rs 1,000-crore MSME book
📝  Power Finance Corp provides Rs 9,187 cr finance to HPCL Rajasthan Refinery
📝  MyShubhLife partners with PayWorld to offer credit to retail merchants
📝  Belstar Microfinance to file for IPO soon
📝  SMFG India Credit announces appointment of S Subramanian as new COO
Read More >>

UPIs / Wallet / FinTech

📝  PhonePe sets foot in Point-of-sale device market to raise heat on rival Paytm
📝  PhonePe launches POS solution for merchant partners
Read More >>

🧔 Brokers / Distributors

📝  Brokers take issue with Sebi's basis for 'fit & proper person'
Read More >>

🗠 Bourses

📝  BSE approves share buyback of up to Rs 374 crore at 20% premium
📝  BSE board approves buyback of up to Rs 374.80 crore
Read More >>

Crypto

📝   Binance exchange to update its wallet address
📝  Centralised exchanges saw a rise in cryptocurrency trading in June
📝  Bitcoin falls below $31,700; Shiba Inu, XRP decline up to 2%
Read More >>

🗠 Mutual Funds / AMCs

📝  Multi cap funds offer 9.57% in first half of 2023; Nippon India Multi Cap Fund offer 14.31%
📝  Nippon Life India Mutual Fund restricts flows into smallcap fund
📝  Canara Robeco MF targets ₹3-lakh crore AUM in 3-5 yrs
📝  4 sectors Shibani Sircar Kurian is bullish on for near term
📝  Bandhan Mutual Fund launches Bandhan Financial Services fund, offer to open on 10 July; key highlights here
Read More >>

🗎 Equities, Pvt. Equity / Hedge Funds

📝  Forex outflows via PE exits, MNC profit repatriation surge
📝  Rally may sustain a bit but upside limited: Rahul Arora, CEO, Nirmal Bang Equities
📝  Shares worth over $10 billion offloaded via block deals so far in 2023
📝   FPIs become net buyers in June quarter as inflows surge to 10-month high; Nifty crosses 19,500-mark
Read More >>

🗎 Govt. Securities / Bonds

📝  Sebi proposes FPIs trade some corporate bonds on RFQ
📝  Unlocking full potential of green bonds in India
📝  PFC plans to raise up to Rs 6,100 cr via bond sales
📝  FPIs net buyers of corporate debt in June, after 7 months
📝  Azure’s offshore bondholders move to protect ‘interests’
Read More >>

✈ International

📝  Bitcoin hits 13-month high
Read More >>


Corporate Office

405, TSL Corner
Local Shopping Complex
Sector G Mayur Vihar Phase III
Delhi - 110096, India

Contact

contact@nurcmedianext.com
nurcmnx@gmail.com
nurcmedianext@gmail.com
+91-11-49849324, +91-9958949710