Top Indian Banking Industry News & Updates - 10 Jun 2023,Saturday
🗎 RBI / MoF / Govt. Policies
📝 RBI has walked a tightrope with 5% cap on FLDG
📝 RBI may up risk weights on unsecured personal loans
📝 Targeting 1 million CBDC users by end of this month: RBI deputy guv
📝 Domestic GDP growth on firm footing, growth slightly revised upwards: SBI study
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🏦 PSB / Pvt Banks
📝 Canada Pension fund sells 1.6% stake in Kotak Mahindra Bank for Rs 6,123 crore
📝 HDFC Bank to keep home loans as focus of growth strategy post merger: Sources
📝 SBI to raise up to ₹50,000 cr in FY24
📝 Srikrishnan Harihara Sarma assumes charge as Karnataka Bank MD
📝 Bank of Maharashtra slips 7% as new shares allotted to QIBs get listed
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🏦 Co-operative Banks / RRBs
📝 RBI notifies 4 key measures to help strengthen 1,514 Urban Co-operative Banks
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🏦 Foreign Banks / FIIs / I-Banks
📝 HSBC India offers car loans to corporate employees to buy Tata EVs on easy terms
📝 Transunion Cibil appoints V Ananthraman as non-executive chairman
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🏠 Housing Finance
📝 HDFC Bank to keep home loans as focus of growth strategy post merger - sources
📝 Piramal Capital to expand to 1,000 locations, to enter into new partnerships with fintech & consumer tech
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💳 ATMs / Credit Cards
📝 RBI permits banks to issue RuPay Prepaid Forex cards
📝 FAQ soon on TCS on overseas card spends
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🗎 NBFCs / FIs / MFI
📝 TVS Credit raises ₹480 crore capital from Premji Invest
📝 DFC aims to promote inclusive financing for EV adoption in India with $5 mn investment in Revfin
📝 Inditrade Microfin-Janakalyan merger fails to get regulatory approval
📝 Tata Motors Finance, Pasco Motors to introduce digital credit facility for CV servicing and maintenance
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UPIs / Wallet / FinTech
📝 Paytm Money's bond platform for retail investors gets rousing interest, CEO Varun Sridhar says
📝 FLDG to deepen partnerships between lenders and fintechs
📝 Fintechs to seek clarity on FLDG norms, regulator likely to issue FAQ
📝 Hyderabadi startups making the most of/in fintech
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Crypto
📝 Bitcoin holds above $26,500; BNB, Cardano fall up to 3%
📝 Crypto companies made 'calculated' decision to flout rules, says SEC chair
📝 After Coinbase, Cathie Wood bought another $19.9 million share from Block Inc
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🗠 Mutual Funds / AMCs
📝 Inflow in equity mutual fund halves to Rs 3,240 crore in May on profit booking
📝 Sebi allows mutual funds to invest in repo transactions on commercial papers, certificate of deposits
📝 Mutual fund SIP flows hit new high of ₹14.7k crore in May
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🗎 Equities, Pvt. Equity / Hedge Funds
📝 FIIs settle this week as net buyers with inflow of ₹971 crore in stocks; DIIs surpass with ₹1,940 crore inflow
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🗎 Govt. Securities / Bonds
📝 SBI board approves raising Rs 50,000 crore through debt instruments
📝 India’s 10-year yield posts biggest weekly jump in 4 months on hawkish RBI tone
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✈ International
📝 China central bank's ex-deputy governor found guilty of corruption
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