Top Indian Banking Industry News & Updates - 13 July 2023,Thursday
🗎 RBI / MoF / Govt. Policies
📝 Reserve Bank calls on more lenders to offer digital rupee
📝 Pushing e-rupee payments using UPI infra on RBI's agenda
📝 Stable solution. Stablecoins pose existential threat to policy sovereignty, CBDC preferable: RBI
📝 'Banks should be cautious of technological risks', says N S Vishwanathan
📝 RBI looking at additional loans for home buyers of stuck projects
📝 Reserve Bank of India looking at banks' retail loan book more granularly
📝 Are Indian banks ready to adopt the expected credit loss framework?
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🏦 PSB / Pvt Banks
📝 Bank of India inaugurates IFSC Banking Unit at GIFT City
📝 The bank didn’t expect us to move so fast: IDFC Ltd chief
📝 What is the HDFC Bank-HDFC merger date
📝 HDFC shares stop trading after 44 years
📝 RBI may reduce interest rates after three quarters: BOI MD, Rajneesh Karnatak
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🏦 Foreign Banks / FIIs / I-Banks
📝 Upbeat on transaction banking business in India: Standard Chartered MD
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🏠 Housing Finance
📝 HDFC bows out of exchanges with record deliverie
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💳 ATMs / Credit Cards
📝 Reward points and freebies push credit card spends to record levels
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🔍 Rating / Research
📝 Strong loan growth to propel NBFC earnings in Q1: Analysts
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🗎 NBFCs / FIs / MFI
📝 Power Finance Corporation files Draft Shelf Prospectus for Rs 10,000 crore NCD fund raise
📝 Dvara KGFS raises $10 million in ECB
📝 World Bank, Asian Development Bank and SIDBI to fire up EV finance with a USD 1 billion fund
📝 Administrator files Hinduja’s resolution plan for Reliance Capital at NCLT
📝 Satya MicroCapital raises Rs 53 crore in ECB from German bank
📝 Aye Finance allocates Rs 100cr for credit to women micro enterprises
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UPIs / Wallet / FinTech
📝 Razorpay launches international payment gateway in Malaysia through Curlec
📝 OneStack raises $2 mn in funding from GrowX, Stride Ventures, others
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Crypto
📝 Bitcoin surges above $30,600 ahead of US inflation data
📝 Zeeve collaborates with India Blockchain Alliance to develop Indian blockchain adoption
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🗠 Mutual Funds / AMCs
📝 Mirae Asset launches Mirae Asset Nifty Bank ETF
📝 Kotak Mutual Fund launches Kotak Quant Fund
📝 Large & mid cap funds gave 8.91% in Jan-June; Quant Large & Mid Cap Fund gave lowest return
📝 MFs’ large-cap schemes mop-up Adani group stocks
📝 Mutual funds load up on defensives in June, book profits in financials
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🗎 Govt. Securities / Bonds
📝 Market jitters in an event-heavy week lead to spike in bond shorts
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✈ International
📝 Bank of England says Britain is coping with higher interest rates
📝 Bank of America fined USD 250 million for 'double-dipping' fees and fake accounts
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