Top Indian Banking Industry News & Updates - 07 Jun 2023,Wednesday
🗎 RBI / MoF / Govt. Policies
📝 1 crore complaints to banks every year: Know what the RBI panel recommends
📝 3-day VRRR auction receives relatively better response from banks
📝 RBI permits banking units at IFSC to settle NDDCs in rupee
📝 New Mahila Samman Savings Certificate scheme has 500k Takers
📝 Bankers await signs on Reserve Bank of India's liquidity approach amid persisting disconnect
📝 RBI says banks can offer NDF contracts to resident Indians for hedging
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🏦 PSB / Pvt Banks
📝 As Rs 2000 notes flow back, 80% stay within banking system
📝 Bank loan rates drop in April, a first in 11 months
📝 Delhi HC refuses to interfere with Bank of Baroda's decision inviting EoI for sale of NBL stake
📝 Public sector banks, ICAI to set up common platform for balance confirmations
📝 What are the new guidelines unveiled by RBI for bank locker users? Pankaj Mathpal explains
📝 SBI to incorporate green agenda in lending
📝 SBI to factor in climate finance risk: Chairman Dinesh Kumar Khara
📝 From PNB to Axis Bank: FD rates slashed by major banks, here's what you need to know
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🏦 Co-operative Banks / RRBs
📝 30 regional rural banks get education loan cover
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🏦 Foreign Banks / FIIs / I-Banks
📝 Impact of any US recession on D-Street to be far less than earlier: Ridham Desai
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🏠 Housing Finance
📝 ‘Priority sector’ home loans see sharp moderation in FY23
📝 Will the HDFC merger live up to its promise?
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🏦 Development Banks
📝 Sidbi to finance 50,000 EVs for MSMEs
📝 PURE EV to deploy 20,000 E2Ws across India with SIDBI funding
📝 HDFC Bank-SIDBI enter into pact for lending to MSMEs
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💳 ATMs / Credit Cards
📝 Decoding zero forex markup on debit, credit cards
📝 SBI Card To Raise Rs 3,000 Crore Via NCDs
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🗎 NBFCs / FIs / MFI
📝 Ashok Leyland partners with Cholamandalam Investment for dealer financing solutions
📝 Maruti Suzuki partners with Bajaj Finance to expand financing options for car purchase
📝 IL&FS unit, lenders lock horns over future of some road assets
📝 NBFC unsecured personal loan sanctions fall 15%
📝 Poonawalla Fincorp prioritises profitability as NPAs ease
📝 NBFCs lending grew 2% in quarter 4 powered by rural
📝 Will bring down dependence on telemarketing calls: Sanjiv Bajaj of Bajaj Finance
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UPIs / Wallet / FinTech
📝 PhonePe launches account aggregator service, allowing app users to share financial data
📝 Kinara Capital to disburse loans worth Rs 800 crore in Telangana, Andhra Pradesh
📝 UPI transaction limit set by Indian banks. See details here
📝 Indian households to make over 50% non-cash transactions by FY26: Report
📝 e-Rupi to wearables: How 50% of all transactions will be digital in 3 years
📝 Customers can withdraw cash from ATMs using UPI, know how
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🗠 Bourses
📝 NSE, BSE battle it out for equity derivative market
📝 NSE thwarts BSE’s volumes bid with expiry day change
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Crypto
📝 Bitcoin slips below $25,800 after SEC sues Binance; BNB, Dogecoin shed over 7%
📝 US SEC sues Coinbase, one day after suing Binance
📝 Cryptoverse: Listless bitcoin seeks summer spark
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🗠 Mutual Funds / AMCs
📝 ‘No dearth of opportunities in MF industry’, Ganesh Mohan, CEO of Bajaj Finserv AMC
📝 Bajaj Finserv Mutual Fund launched
📝 Explainer: Self-regulation for mutual funds
📝 ICICI Prudential Bluechip Fund completes 15 years
📝 Edelweiss Multi Asset Allocation Fund: smart way to enjoy LTCG tax?
📝 Bajaj Finserv banks on tech, last-mover advantage to make its mark in MF biz
📝 Bajaj MF to start ops with 3 debt plans
📝 MF industry has grown to Rs 40 trn but it is only beginning: Sanjiv Bajaj
📝 How Bajaj Finserv plans to sell mutual funds to its 100 million clients
📝 MFS must perform before the push for a performance-based fee structure
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🗎 Equities, Pvt. Equity / Hedge Funds
📝 Sequoia Capital splits into three different units, India & SEA fund to be rebranded
📝 Equity markets lower in highly volatile trade
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🗎 Govt. Securities / Bonds
📝 Indian bond yields eye state debt auction demand for cues
📝 With yields cooling, companies flock to debt market in April-May
📝 NaBFID plans to raise Rs 10,000 cr via bonds
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✈ International
📝 Crypto stocks fall after US SEC sues Coinbase over failure to register
📝 Exchange operator Cboe gets nod to launch leveraged crypto derivative products
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