Top Indian Banking Industry News & Updates - 09 Jun 2023,Friday

🗎 RBI / MoF / Govt. Policies

📝  RBI permits FLDG between fintechs and banks, NBFCs
📝  After RBI’s pause, industry wants reversal of rate hike cycle
📝  RBI maintains pause, keeps repo rate unchanged at 6.5%
📝  RBI permits banks to issue RuPay Prepaid Forex cards
📝  Half of all ₹2,000 notes returned to banks, says RBI governor Shaktikanta Das
📝  RBI's decision to keep repo rate unchanged on expected lines: SBI chief Dinesh Khara
📝  Policy on expected lines, RBI has not let down its guard on inflation: Bankers
📝  RBI lets banks decide call borrowing limits
📝  RBI’s repo rate status quo likely to help ongoing real estate sales momentum
📝  RBI Monetary Policy: An interest rate cut emerges on the horizon
📝  Banks to be given ample time to implement ECL model: Shaktikanta Das
📝  RBI revises OTS guidelines, brings UCBs under ambit
📝  ‘MPC’s decision reflects RBI’s commitment to support growth’
📝  RBI not planning to regulate social media influencers
📝  Fifty per cent of Rs 2,000 notes back with banks: RBI Governor Shaktikanta Das
📝  RBI’s hawkish monetary policy signals distant rate cuts
📝  Reserve Bank holds rates for second time in a row
📝  Advance tax outflows the reason for banks’ tepid response to VRRR auctions
📝  RBI to widen scope of stressed asset resolution framework, permit loss guarantee norm in digital lending
📝  Will RBI withdraw Rs 500 notes, reintroduce Rs 1000 notes soon? Governor Shaktikanta Das reveals truth
📝  RBI lowers India’s 2023-24 inflation forecast to 5.1 pc
📝  Capital requirement for ECL manageable, banks will be given time to make transition: RBI Guv
📝  RBI warns tech firms against unauthorised trading platforms on app stores
Read More >>

🏦 PSB / Pvt Banks

📝  Punjab National Bank plans to raise funds via Employee Stock Purchase Scheme
📝  ‘The target is to disburse Rs 90K-cr digital loans in current fiscal, Chief Digital Officer Akhil Handa, BoB
📝  Banks, rate-sensitive sector shares decline
📝  FD interest rates peak: Which is the best tenure for fixed deposit to book now after RBI holds repo rate
📝  Canada Pension Fund to sell 1.6% stake in Kotak Mahindra Bank tomorrow: Report
📝  HDFC may tap Arvind Kapil for mammoth mortgage business post merger
📝  Bank of Baroda introduces UPI facility in ATMs
Read More >>

🏦 Co-operative Banks / RRBs

📝  Cooperative banks will soon be able to do compromise settlements, write-offs on NPAs: Shaktikanta Das
📝  Priority Sector Lending target deadline for Urban Cooperative Banks extended
📝  Urban co-op banks get a two-year breather to achieve priority sector lending target
Read More >>

🏦 Foreign Banks / FIIs / I-Banks

📝  Nomura India's Head of Investment Banking steps down: Sources
Read More >>

🏠 Housing Finance

📝  Property prices rise in 43 cities in Q4 of FY23: NHB
📝  Home sales to stay on growth path as RBI holds repo rate
📝  HDFC may tap Kapil for mammoth mortgage business post merger
Read More >>

💳 ATMs / Credit Cards

📝  RuPay cards can be issued globally & for prepaid forex
📝  RBI-MPC decides on internationalisation of Rupay cards, expanding scope of NPA resolution
Read More >>

🔍 Rating / Research

📝  Senior Citizen Fixed Deposit interest rate increase could be a thing of past. Here’s why
Read More >>

🗎 NBFCs / FIs / MFI

📝  L&T Finance approves final dividend of Rs 2 per share. Check details
📝  Gold loan NBFC Indel Money looks to strengthen presence in western, central India
📝  Reliance Capital lenders to vote on Hinduja arm resolution plan from today
📝  Aye Finance gets support from Unilever, UK govt. and EY-led partnership to finance supply chains for Kirana Stores
📝  Kerala Finance Corporation posts ₹50 cr net profit in FY23
📝  IIFL Finance to raise ₹1,500 cr
📝  Opt out of pesky calls, then don't come to us for products: Sanjiv Bajaj
Read More >>

UPIs / Wallet / FinTech

📝  Nod for first loss default guarantee to give a lending fillip to fintechs
📝  Fintech company Greenlight announces development center in India
📝  Paytm jumps 8% after BofA Securities upgrades stock to buy
📝  GPay introduces UPI verification through Aadhaar
📝  Monetary policy review: CBDC QR codes likely to be interoperable with UPI
Read More >>

🧔 Brokers / Distributors

📝  Commodity Talk: Expect range-bound movement in oil prices amid demand slowdown: Pritam Patnaik of Axis Securities
Read More >>

Crypto

📝  UK’s Financial Conduct Authority to implement new rules for crypto influencers
📝  Bitcoin falls below $26,500; BNB, Solana shed over 6%
Read More >>

🗠 Mutual Funds / AMCs

📝  Sebi allows mutual funds to invest in repo transactions on commercial papers, certificate of deposits
📝  Samco Mutual Fund launches SAMCO Active Momentum Fund
📝  Mutual fund managers decode RBI policy for investors
📝  ICICI Prudential Bluechip Fund rose 7x in 15 years: Can it remain an outlier in the large-cap category?
Read More >>

🗎 Equities, Pvt. Equity / Hedge Funds

📝  Naveen Unni appointed managing partner of TVS Capital Funds
Read More >>

🗎 Govt. Securities / Bonds

📝  RBI relaxing borrowing limit in interbank call market no 'game changer': Traders
📝  Six months since launch, surety bonds see no takers so far
📝  How online bond platforms are leveraging Sebi-RBI regulatory ambiguity
Read More >>


Corporate Office

405, TSL Corner
Local Shopping Complex
Sector G Mayur Vihar Phase III
Delhi - 110096, India

Contact

contact@nurcmedianext.com
nurcmnx@gmail.com
nurcmedianext@gmail.com
+91-11-49849324, +91-9958949710