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?
Read More >>

🏦 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
Read More >>

🏦 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
Read More >>

UPIs / Wallet / FinTech

📝  Razorpay launches international payment gateway in Malaysia through Curlec
📝  OneStack raises $2 mn in funding from GrowX, Stride Ventures, others
Read More >>

Crypto

📝  Bitcoin surges above $30,600 ahead of US inflation data
📝  Zeeve collaborates with India Blockchain Alliance to develop Indian blockchain adoption
Read More >>

🗠 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
Read More >>

✈ 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
Read More >>


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