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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