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
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🏦 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
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🏦 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
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🏦 Foreign Banks / FIIs / I-Banks
📝 Nomura India's Head of Investment Banking steps down: Sources
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🏠 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
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💳 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
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🔍 Rating / Research
📝 Senior Citizen Fixed Deposit interest rate increase could be a thing of past. Here’s why
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🗎 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
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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
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🧔 Brokers / Distributors
📝 Commodity Talk: Expect range-bound movement in oil prices amid demand slowdown: Pritam Patnaik of Axis Securities
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Crypto
📝 UK’s Financial Conduct Authority to implement new rules for crypto influencers
📝 Bitcoin falls below $26,500; BNB, Solana shed over 6%
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🗠 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?
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🗎 Equities, Pvt. Equity / Hedge Funds
📝 Naveen Unni appointed managing partner of TVS Capital Funds
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🗎 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
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