Top Indian Banking Industry News & Updates - 01 Jun 2023,Thursday

🗎 RBI / MoF / Govt. Policies

📝  Banks deploy Rs 15.80 lakh crore credit to micro, small enterprises in April: RBI report
📝  Bank boards should ensure business models, strategy and operations are effective: RBI Deputy Governor Jain
📝  RBI's 250 bps rate hike helped ease inflation by 90 bps
📝  Fake currency. Counterfeit notes of ₹500 denomination rose 14% in FY23: RBI report
📝  Non-food bank credit registers robust 16.1% y-o-y growth in April 2023
📝  Banks must know downside risks of their biz models: RBI DG Jain
📝  RBI guidelines: How many coins can you deposit in the bank at once? Know here
📝  RBI plans to roll out lightweight and portable payment system. Details here
📝  Delhi HC’s rejection of plea against RBI over Rs 2,000 notes challenged in SC
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🏦 PSB / Pvt Banks

📝  Government appoints Ashwani Kumar as MD of UCO Bank
📝  12 PSU banks come under National SC Commission's lens
📝  Bank lending remains buoyant in April too
📝  Bank loans to most sectors rise in April, industry demand muted
📝  Banks seek floor to flag frauds on Daksh reporting mechanism
📝  Public sector bank or private bank: Where should you take your education loan from?
📝  Fixed deposit: This bank offers up to 9% FD interest rate to senior citizens
📝  6 banks offering above 9% FD interest rates for senior citizens
📝  Liquidity surplus shoots past Rs 1 lakh crore
📝  Suryoday SFB’s FY24 provision in line with RBI proposed model
📝  Karnataka Vikas Grameena Bank opens Retail Loan Processing Cell
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🏦 Foreign Banks / FIIs / I-Banks

📝  Supply-side reforms to aid India growth in next decade
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🏠 Housing Finance

📝  Home Loan: How saving Rs 100 can save Rs 12 lakh on loan of Rs 50 lakh, check calculation
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💳 ATMs / Credit Cards

📝  BOB Financial opens up its entire RuPay Credit Card base for linking on UPI
📝  TCS on card spends: Banks brace for higher compliance costs
📝  New Credit Card offers 0% markup fee in Singapore, luxury hotel membership in India and more. How to get
Read More >>

🗎 NBFCs / FIs / MFI

📝  Manappuram Finance launches digital money lending app
📝  Transactions between 2 govt firms exempt from prior nod requirements by audit committee for RPTs, says Sebi
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🧔 Brokers / Distributors

📝  SEBI cancels Certificate of Registration of Karvy Stock Broking
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Crypto

📝  Bitcoin falls below $27,200; Polkadot, Litecoin shed up to 3%
📝  Bitcoin investors believe Ethereum may boost crypto adoption
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🗠 Mutual Funds / AMCs

📝  Top 5 global equity mutual funds for investors with high risk appetite
📝  Sebi chief Buch calls mutual funds ‘bada beta’, wants AMFI to answer tough questions
Read More >>

🗎 Equities, Pvt. Equity / Hedge Funds

📝  These hedge funds, FPIs, domestic MFs picked up Abrdn’s stake in HDFC Life
📝  Carpediem Capital raises Rs 700 crore for Fund-II
Read More >>

🗎 Govt. Securities / Bonds

📝  Indian NBFCs double fundraising via bonds in five days as bank rate gap widens
📝  India bond yields drop for third straight month amid easing inflation
📝  HDFC raises Rs 8,325 crore via bond issue
Read More >>


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