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
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🏦 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
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🏠 Housing Finance

📝  Shriram Housing Finance mops up $50 m via maiden ECB
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💳 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
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🔍 Rating / Research

📝  Strong loan growth, NIM compression likely for banks: Analysts
📝  Securitisation volume rises 60% in Q1FY24 to Rs 55,000 crore, says Crisil
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🗎 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
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🗠 Bourses

📝  BSE unveils new logo on the occasion of 149th foundation day
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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
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🗠 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
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🗎 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
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🗎 Govt. Securities / Bonds

📝  Indian bond yields eye US peers, key inflation data for triggers
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✈ International

📝  ECB asks public view on banknote redesign theme
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