Top Indian Banking Industry News & Updates - 15 July 2023,Saturday

🗎 RBI / MoF / Govt. Policies

📝  ‘Reserve Bank to issue guidelines for banks to resolve issues soon’
📝  France gets India's UPI, tourists can make payments in Rupees: PM Modi
📝  RBI Floating Rate Savings Bond offers 8.05% interest now, higher than big banks' FDs; who should invest?
📝  Banks park Rs 59,875 cr against notified amount in RBI's VRRR auction
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🏦 PSB / Pvt Banks

📝  SBI hikes lending rate by 5 basis points
📝  Bandhan Bank Q1FY24 profit down 18.7% on-year at Rs 721.05 crore
📝  India's inflation during Q1 suggests limited risk of a further rate hike, says Bandhan Bank MD
📝  SBI allows even non-SBI account holders to pay via YONO App's UPI, takes Google Pay, Paytm, PhonePe head on
📝  Bandhan Bank board meets today to consider unaudited financial results for Q1FY24
📝  NBFC arm FedFina reconsidering capital raise options: Federal Bank
📝  HDFC Bank allots over 311 cr shares to HDFC Ltd shareholders as part of share swap
📝  Utkarsh SFB IPO subscribed 23.2 times so far on last day of bidding. Check GMP and other details
📝  Federal Bank posts 42.13% growth in Q1 net profit to ₹853.74 crore
📝  Bank of Baroda launches Mahila Samman Savings Certificate, a small savings scheme with 7.5% interest rate
📝  Federal Bank’s NIM decline offsets Q1 positives
📝  HDFC Bank shares may face pressure in short term post merger with HDFC
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💳 ATMs / Credit Cards

📝  Credit Card default surges as retail credit grows
📝  Credit card rule change: Axis Bank cuts cashback, rewards on Flipkart Axis Bank credit card from this date
📝  India1 Payments to expand white-label ATM network to 20,000 units in 3 yrs
📝  Card Network Portability
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🔍 Rating / Research

📝  Incremental credit-deposit ratio of banks slides to 63.7% in Q1FY24
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🗎 NBFCs / FIs / MFI

📝  Ather e-scooters become more affordable with 100% funding offered by banks, NBFCs
📝  Five-star Business Finance eyes 35% AUM growth for next three years
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UPIs / Wallet / FinTech

📝  Visa brings its $10,000 grants programme She’s Next to India for women entrepreneurs
📝  Angel One appoints Deepak Chandani as chief data officer to lead strategic data led initiatives
📝  UPI at Eiffel Tower! India, France agree for new payment system, PM Modi announces in Paris – details here
📝  UPI in France: How it will work, all you need to know
Read More >>

🗠 Bourses

📝  BSE CEO Ramamurthy says Sky’s the limit for SMEs; to focus on equity derivatives first this year
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Crypto

📝  Argentina signs its first Bitcoin futures contract
📝  KoinBasket unveils its crypto trading feature with “Login with Binance” integration
📝  As Google opens up to allow blockchain-based experience on Play; the industry laps it up
📝  Bitcoin surges above $31,000; XRP skyrockets over 68% on court ruling
Read More >>

🗠 Mutual Funds / AMCs

📝  Mutual Funds raise holdings in HDFC twins in June
📝  Investor confidence likely to get tested over next few months: Karan Doshi, LIC MF
📝  Why individual investors' share in mutual funds assets is surging
📝  SEBI asks banks, MFs to deduct ₹5.35 crore from Choksi account
📝  Fund houses may launch more micro cap funds
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🗎 Equities, Pvt. Equity / Hedge Funds

📝  FIIs make robust buying of ₹2,636 crore in Indian stocks today; DIIs extend selling
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🗎 Govt. Securities / Bonds

📝  PSU banks wary of SBI’s dismal AT-1 bond issue, may delay fund-raising
📝  SBI Tier-I bond issuance: Investors turn circumspect about 10-year ‘call option’
📝  India’s bond traders eye debt sale demand as 10-year yield below key level
📝  Vedanta bonds fall as liquidity worries revive amid chip setback
Read More >>

✈ International

📝  Binance lays off over 1,000 employees: Report
📝  Bitcoin near 13-month high as investors welcome Ripple ruling
Read More >>


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