Top Indian Banking Industry News & Updates - 02 Jun 2023,Friday

🗎 RBI / MoF / Govt. Policies

📝  RBI resumes variable rate reverse repo operations
📝  RBI should adopt neutral policy stance: CII President R. Dinesh
📝  IDBI Bank buyer to get tax waiver on LIC stake as well
📝  RBI, IIT Madras to launch voice-banking solution
📝  ₹2,000 banknote exchange: SC refuses urgent listing of plea challenging RBI decision
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🏦 PSB / Pvt Banks

📝  PNB reduces FD interest rate on this tenure
📝  Private banks grow deposits at a faster pace in FY23
📝  Jana Small Finance Bank raises ₹1,200 crore to refinance holdco debt
📝  South Indian Bank shares jump 11% after board approves candidates for MD & CEO posts
📝  Kotak Bank's unsecured loans to be available to all borrowers
📝  ICICI Bank reduces interest rates on these loans
📝  Public sector bank or private bank: Where should you take your education loan from?
📝  ICICI Bank, Punjab National Bank (PNB) revise lending rates; loan EMIs to be impacted
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🏠 Housing Finance

📝  Gehlaut Trust, promoter group members cut stake in Indiabulls Housing Finance to 7.55%
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💳 ATMs / Credit Cards

📝  Kotak Myntra Credit Card: Get up to Rs 750 discount on every purchase; Check features, benefits
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🔍 Rating / Research

📝  Watch out for rising risk appetites among Indian banks, says Fitch
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🗎 NBFCs / FIs / MFI

📝  Aditya Birla Group to invest Rs 1,250 crore into its financial services arm
📝  2 stocks Pankaj Pandey is bullish on from NBFC sector
📝  Warbug Pincus investment to help Vistaar achieve AUM of Rs 5,000 crore: CEO
📝  Manappuram Finance launches digital lending app to widen reach
Read More >>

UPIs / Wallet / FinTech

📝  UPI trades at record high in May, breach 900 crore monthly transactions
📝  PayU, Visa, Yes Bank launch new payment solution for merchants to cut costs, boost cash flow, digitise SMBs
📝  How Unified Payments Interface (UPI) is shaping the economy post-withdrawal of 2000 currency notes
Read More >>

Crypto

📝  TD Cowen’s crypto branch shuts down 365 days post opening
📝  Crypto exchange Gemini to soon operate in the UAE
📝  Crypto rues Bitcoin’s decoupling from AI-fueled tech stock gains
📝  Bitcoin slips below $26,800; Cardano, XRP fall up to 3%
Read More >>

🗠 Mutual Funds / AMCs

📝  Sebi extends time to submit public comments on proposed tweaks to MFs’ expense ratio
📝  Sebi grants more time to submit comments on proposed mechanism for AMCs to detect fraud
📝  Is it the right time to invest in Nippon India Small Cap Fund?
📝  RBI likely to hold interest rates, says Pankaj Pathak of Quantum Mutual Fund
📝  Mutual funds eye micro stars as broader equity market gathers pace
Read More >>

🗎 Govt. Securities / Bonds

📝  FPI holdings of 7-, 14-yr gilts soar after RBI eases access
📝  Indel Money announces 3rd tranche of NCDs to raise up to Rs 100 cr
📝  Kerala's KIIFB to raise Rs 1,000 cr via green bonds
Read More >>


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