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
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🗎 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
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🗎 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
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🗎 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
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