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
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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
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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%
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🗠 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
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🗎 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
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