Top Indian Banking Industry News & Updates - 08 July 2023,Saturday
🗎 RBI / MoF / Govt. Policies
📝 RBI looking at coming out with fintech regulations: DG Rabi Sankar
📝 CBDC-UPI interoperability, fintech norms in the works
📝 RBI presses ahead with VRRR to suck out excess liquidity from banking system
📝 Mudra loans disbursal up 23% at ₹81,597 crore in Q1
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🏦 PSB / Pvt Banks
📝 HDFC Bank hikes MCLR by up to 15 bps on select tenures; EMIs to go up
📝 'Loan approval in 30 seconds': Flipkart partners with Axis Bank to facilitate personal loans for customers
📝 HDFC Bank to replace HDFC Ltd on MSCI indexes
📝 Lectrix EV launches instant loan eligibility pre-booking tool with IDFC FirstBank
📝 HDFC merger may lead to 300 basis points deceleration in credit demand: Report
📝 Bank borrowings jump to 8-month high in mid-June
📝 Canara Bank rolls out Mahila Samman Savings Scheme that offers a 7.5% interest rate
📝 Banks to see another solid quarter. Which stocks to buy ahead of Q1 results?
📝 4 PSBs miss operating profit growth targets in FY23
📝 Banks submit expected credit loss impact estimates to RBI
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🏦 Foreign Banks / FIIs / I-Banks
📝 Bangladeshi banks plan India rupee transactions as reserves fall
📝 Sebi slaps Rs 1 crore penalty on Fidelity for violating FPI norms
📝 JP Morgan pays Rs 22 lakh to settle FPI case with Sebi
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💳 ATMs / Credit Cards
📝 Debit card, credit card rule set to change: Soon you will be able to choose your card network provider
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🔍 Rating / Research
📝 Loan securitisation volumes seen 60% up in Q1
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🗎 NBFCs / FIs / MFI
📝 We want to be super-specialists in wholesale business: Vivriti Capital
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UPIs / Wallet / FinTech
📝 Rupyy enters EV financing business, targets 10% market share
📝 After consumers, Paytm is now offering cashback to woo merchants
📝 Building a Secure and Scalable Fintech Platform in a Fast-Paced Environment
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Crypto
📝 Mystery $120 million outflow hits crypto bridge Multichain whose CEO is missing
📝 Binance executives exit as the regulatory heat on the largest crypto exchange intensifies
📝 Bitcoin falls below $31,200; Litecoin, Shiba Inu tank up to 7%
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🗠 Mutual Funds / AMCs
📝 Sebi enhances accountability of mutual fund' Trustees
📝 Would NBFCs do better than banks in a falling rate regime? Vinay Sharma, Equity Fund Manager, Nippon India MF
📝 Has high churning helped equity MFs?
📝 ELSS funds offer 8.19% in first half of 2023; SBI Long Term Equity Fund offer 12.64%
📝 Canara Robeco Mutual Fund launches Canara Robeco Multi Cap Fund
📝 Nippon India Small Cap Fund stops accepting fresh investments
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🗎 Equities, Pvt. Equity / Hedge Funds
📝 KKR’s roads InvIT to raise Rs 515 crore through rights issue
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🗎 Govt. Securities / Bonds
📝 Indian bond yields climb as US peers break key levels; debt sale eyed
📝 Indian trading in STRIPS to rise on high demand from insurers
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✈ International
📝 Fed interest-rate hike seen a lock for July
📝 Euro zone bond yields slip after US labour market slows
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