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
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🏦 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?
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🏦 Co-operative Banks / RRBs

📝  Delhi High Court refuses to interfere with Bank of Baroda’s plan to sell majority stake in Nainital Bank
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🏦 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
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🏠 Housing Finance

📝  Home prices rise by average 4.57% across India in FY23, shows RBI data
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🏦 Development Banks

📝  NaBFID's different with dual role of financing and development: Rajkiran Rai
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💳 ATMs / Credit Cards

📝  What is the right way to choose your first credit card? We explain
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🔍 Rating / Research

📝  ‘Compliance of corporate, non-financial sector a weak link… In India, regulators working to bridge the gaps’: Mohamed Daoud
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🗎 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
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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
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🗠 Bourses

📝  NSE, BSE to introduce enhanced surveillance for micro-small companies from June 5
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Crypto

📝  How blockchain is driving social impact and transforming India
📝  Improving crypto security protocols through regulations
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🗠 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 >>


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