Top Indian Banking Industry News & Updates - 11 July 2023,Tuesday
🗎 RBI / MoF / Govt. Policies
📝 SC rejects plea against exchange of Rs 2,000 notes without ID proof
📝 Finmin asks IBA to finalise wage revision of bankers of PSU banks by Dec 1
📝 The RBI has just lobbed a disruptor at the card sector
Read More >>
🏦 PSB / Pvt Banks
📝 SBI to sell 2% stake in IPO-bound NSDL
📝 70% of HDFC top executives to step down in integration process
📝 Utkarsh Small Finance Bank IPO to open on July 12; sets price band at Rs 23-25/share
📝 Banks to brighten India Inc earnings amid IT uncertainties
📝 ESAF Small Finance Bank refiles draft papers with Sebi for Rs 629 cr IPO
📝 Okaya EV signs 12 finance companies to provide low-interest finance options
📝 Fincare Small Finance Bank launches brand campaign The Great Indian FD Fest
📝 Axis Bank witnesses rise in attrition rate despite acquisition of Citibank India’s consumer business
Read More >>
🏠 Housing Finance
📝 Shriram Housing Finance mops up $50 m via maiden ECB
Read More >>
💳 ATMs / Credit Cards
📝 SBI Cards CEO Rao Amara resigns, Abhijit Chakravorty to take over
📝 Visa to Rupay: From October 1, you can port your credit, debit cards too
Read More >>
🔍 Rating / Research
📝 Strong loan growth, NIM compression likely for banks: Analysts
📝 Securitisation volume rises 60% in Q1FY24 to Rs 55,000 crore, says Crisil
Read More >>
🗎 NBFCs / FIs / MFI
📝 Possible outliers; 6 NBFCs with strong parentage have upside potential of up to 35%
📝 Quantum Energy partners Bike Bazaar for retail financing
📝 Expedite loan sanction, disbursement for projects under Rs 10,000 crore UIDF: Financial services secretary
📝 Assam floods unlikely to dent microlenders’ collection efficiency
Read More >>
🗠 Bourses
📝 BSE unveils new logo on the occasion of 149th foundation day
Read More >>
Crypto
📝 JPMorgan doubts that the approval of a US Bitcoin ETF would be a game-changer
📝 Twenty-four central banks will have digital currencies by 2030 – BIS survey
📝 Bitcoin falls below $30,100; Litecoin, Solana plunge over 3%
📝 Twenty-four central banks will have digital currencies by 2030
Read More >>
🗠 Mutual Funds / AMCs
📝 Small Cap Funds get maximum allocation, trailed by Value, Mid Cap schemes – AMFI June 2023 Data
📝 India equity mutual fund inflows more than double in June
📝 Power SIP (SIP+SWP): New facility from Mahindra Manulife Mutual Fund explained
📝 Equity MF inflows in June surge over 2x MoM; smallcap funds top the list
📝 See no reason to turn cautious on market as earnings growth prospects upbeat: Edelweiss MF
📝 ICICI Pru AMC's alternative fund to tap ultra rich for up to Rs 4000 cr
📝 Flexi Cap funds offer 8.31% in first half of 2023; Parag Parikh Flexi Cap Fund offers 16%
📝 MF assets scale new peak of ₹45 lakh crore as stocks rally
📝 Bandhan Mutual Fund launches Bandhan Financial Services Fund; all you need to know
Read More >>
🗎 Equities, Pvt. Equity / Hedge Funds
📝 Private equity investment down 61% in H1 of CY23
📝 Three private equity firms eye Rs 2,000-crore Adani Capital buyout
📝 Private equity inflow in realty sector down 5 pc to $1.9 bn in Apr-Jun; foreign investors share at 94 pc
📝 ChrysCap eyes hidden gems in smaller cos with new fund
Read More >>
🗎 Govt. Securities / Bonds
📝 Indian bond yields eye US peers, key inflation data for triggers
Read More >>
✈ International
📝 ECB asks public view on banknote redesign theme
Read More >>