Top Indian Banking Industry News & Updates - 12 July 2023,Wednesday
🗎 RBI / MoF / Govt. Policies
📝 RBI governor asks banks to remain extra careful and vigilant, focus on governance
📝 Aim to increase e-rupee transactions to 10 lakh per day by 2023-end: RBI DG T Rabi Sankar
📝 RBI may work on 'top-up' loans for home buyers in stuck projects
📝 RBI targets 10 lakh CBDC transactions per day by year-end: Dy Guv Sankar
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🏦 PSB / Pvt Banks
📝 Max Life, DCB Bank join hands to offer insurance products
📝 Scope of CBDC can be expanded to include settlement of primary G-Sec auctions and Rupee-denominated external debt: SBI Chief
📝 PSU banking space is going to surprise the market: Vinit Bolinjkar
📝 HDFC Bank gets six months to move HDFC clients to external benchmark
📝 Bank of Baroda denies officials inflated mobile app registrations
📝 Utkarsh Small Finance Bank raises Rs 222 crore from anchor investors
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🏦 Co-operative Banks / RRBs
📝 RBI cancels licence of 2 co-op banks
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🏦 Foreign Banks / FIIs / I-Banks
📝 Citi Commercial Bank launches new digital client platform, CitiDirect Commercial Banking
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💳 ATMs / Credit Cards
📝 Travel credit card launched by IDFC FIRST Bank, Club Vistara, & Mastercard
📝 Competition among card payment networks to intensify
📝 SBI Card appoints Abhijit Chakravorty as MD & CEO for two years
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🔍 Rating / Research
📝 Banks to brighten India company earnings during Q1FY24 amid IT uncertainties
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🗎 NBFCs / FIs / MFI
📝 Cholamandalam Investment to seek shareholders’ nod to nearly double borrowing powers to Rs 2 lakh cr
📝 Bajaj Auto applies for NBFC licence to set up wholly-owned subsidiary
📝 NCLT dismisses plea seeking insolvency proceedings against Religare Enterprises
📝 Hindujas look to raise up to $1b to finance Reliance Capital acquisition
📝 Sebi issues Rs 6-cr demand notices to 11 in Religare Finvest case
📝 Alphabet-backed Aye Finance allocates ₹100 crore for Shakti loans
📝 Here's why Rakshit Ranjan is bullish on NBFC sector
📝 L&T Finance's retail-driven growth hinges on execution
📝 Belstar Microfinance to file for IPO soon
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🧔 Brokers / Distributors
📝 Valuations are subjective, profitable growth the key: Axis Securities MD and CEO Pranav Haridasan
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Crypto
📝 Bitcoin rises above $30,400; Polygon, BNB jump up to 9%
📝 Dubai reprimands Middle East crypto exchange BitOasis
📝 CoinDCX appoints Rajnish Vedi as the new head of customer experience
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🗠 Mutual Funds / AMCs
📝 Quant Mutual Fund files draft for Quant Retirement Fund
📝 Focused funds offer 7.79% in first half of 2023; Bandhan Focused Equity Fund offers 12.72%
📝 Samco Active Momentum Fund collects ₹409 crore
📝 Kotak MF to leverage active plus passive strategy with Quant Fund
📝 Kotak MF to launch machine based fund on 12 Jul
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🗎 Equities, Pvt. Equity / Hedge Funds
📝 FPIs from Mauritius under taxman’s lens
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🗎 Govt. Securities / Bonds
📝 SBI to sell up to Rs 10,000 crore of AT-1 bonds this week
📝 India bond yields track US 10-yr yield lower; inflation data in focus
📝 Rupee and bonds rebound on hopes Fed nearing end to hikes
📝 Adani Enterprises raises Rs 1,250 cr through NCDs
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✈ International
📝 Bank of America to pay more than $100M for doubling fees, opening accounts without customer consent
📝 Standard Chartered boosts 2024 bitcoin forecast to $120,000
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