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
Read More >>

🏦 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
Read More >>

🏦 Co-operative Banks / RRBs

📝  30 regional rural banks get education loan cover
Read More >>

🏦 Foreign Banks / FIIs / I-Banks

📝  Impact of any US recession on D-Street to be far less than earlier: Ridham Desai
Read More >>

🏠 Housing Finance

📝  ‘Priority sector’ home loans see sharp moderation in FY23
📝  Will the HDFC merger live up to its promise?
Read More >>

🏦 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
Read More >>

💳 ATMs / Credit Cards

📝  Decoding zero forex markup on debit, credit cards
📝  SBI Card To Raise Rs 3,000 Crore Via NCDs
Read More >>

🗎 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
Read More >>

🗠 Bourses

📝  NSE, BSE battle it out for equity derivative market
📝  NSE thwarts BSE’s volumes bid with expiry day change
Read More >>

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
Read More >>

🗠 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
Read More >>

🗎 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
Read More >>

🗎 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
Read More >>

✈ International

📝  Crypto stocks fall after US SEC sues Coinbase over failure to register
📝  Exchange operator Cboe gets nod to launch leveraged crypto derivative products
Read More >>


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