Top Indian Banking Industry News & Updates - 05 Jun 2023,Monday
🗎 RBI / MoF / Govt. Policies
📝 RBI proposes cyber security framework for payment system operators, seeks feedback by June 30
📝 MPC meeting: RBI may hit rate pause button again this week
📝 RBI policy, global cues, FPI action among top 8 factors to drive D-Street this week
📝 Banks cut rates on FDs of up to 3 years on easing liquidity
📝 RBI may continue pause on rate hike
📝 RBI likely to hold repo rate this week as inflation dips
📝 Fixed deposit interest rates slashed: Check latest FD rates by PNB, Axis Bank and Union Bank of India
Read More >>
🏦 PSB / Pvt Banks
📝 Ashwani Kumar new MD & CEO of UCO Bank
📝 Increase in ransomware cases in banks, RBI tells Parliamentary panel
📝 Panel seeks $1 trillion for startups from G20 by 2030
📝 Banking sector recovery has given leg up to GDP growth
📝 ESAF Small Finance Bank adopts paperless initiative
📝 Vault matters: What next for public sector banks?
Read More >>
🏦 Co-operative Banks / RRBs
📝 Delhi High Court refuses to interfere with Bank of Baroda’s plan to sell majority stake in Nainital Bank
Read More >>
🏦 Foreign Banks / FIIs / I-Banks
📝 Role of FIIs in progressing the investment landscape of India
📝 Don’t see a world where we’re not going to have higher rates
Read More >>
🏠 Housing Finance
📝 Home prices rise by average 4.57% across India in FY23, shows RBI data
Read More >>
🏦 Development Banks
📝 NaBFID's different with dual role of financing and development: Rajkiran Rai
Read More >>
💳 ATMs / Credit Cards
📝 What is the right way to choose your first credit card? We explain
Read More >>
🔍 Rating / Research
📝 ‘Compliance of corporate, non-financial sector a weak link… In India, regulators working to bridge the gaps’: Mohamed Daoud
Read More >>
🗎 NBFCs / FIs / MFI
📝 Bajaj Finserv to invest Rs 5k cr in Pune; will create 40k jobs, says Devendra Fadnavis
📝 L&T Finance to sell bad loans worth Rs 3,000 crore
📝 Bajaj Finance to continue investing in payments operations
📝 Bajaj Finance may spin off its payments business into separate subsidiary
Read More >>
UPIs / Wallet / FinTech
📝 Walmart shareholding in PhonePe drops to 85 per cent
📝 Deloitte flags sourcing from inappropriately approved vendors at BharatPe
📝 Gupshup in talks to get its UPI app on feature phones
📝 UPI: Peer-to-merchant transactions see 110% YoY growth in May 2023; value increased by 60% to Rs 3.44 lakh cr
📝 Karbon Card launches expense management card, Card++
📝 Indians pick UPI over debit cards for ease of use, zero fees
Read More >>
🧔 Brokers / Distributors
📝 Axis Securities is overweight on auto, banking, other 2 sectors in June
Read More >>
🗠 Bourses
📝 NSE, BSE to introduce enhanced surveillance for micro-small companies from June 5
Read More >>
Crypto
📝 How blockchain is driving social impact and transforming India
📝 Improving crypto security protocols through regulations
Read More >>
🗠 Mutual Funds / AMCs
📝 3 industries where managers of small‐cap mutual funds went looking for treasure
📝 Investing in mutual funds set to get cheaper for investors
Read More >>
🗎 Equities, Pvt. Equity / Hedge Funds
📝 FPIs investment hit 9-month high at Rs 43,838 cr in May on strong domestic macro-outlook, reasonable valuation
Read More >>