Top Indian Banking Industry News & Updates - 12 Jun 2023,Monday
🗎 RBI / MoF / Govt. Policies
📝 RBI: Now, bank boards must settle with wilful defaulters
📝 RBI averse to crypto but is all set to float CBDC; Finance ministry weighs options
📝 RBI to levy penalties on banks that lose property papers of borrowers
📝 Liquidity absorption toolkit comes to fore as RBI stresses on 'withdrawal'
📝 Finmin to pitch for rating upgrade to Moody's
📝 RBI asks rating agencies details of cos hiding info used for credit assessment
📝 'Withdrawing accommodation' has not been so smooth for RBI
📝 Services can help boost productivity growth: Patra
📝 Finance ministry on same page with RBI for FY24 growth forecast: CEA
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🏦 PSB / Pvt Banks
📝 FY24 to be golden year for Punjab National Bank: MD
📝 Latest private bank FD interest rates: What is highest FD interest rate offered, on which tenor
📝 Go Digit Life to invest up to ₹600 cr as it starts out
📝 Bad loan sales to asset rejig companies swell by Rs 1.8L crore in FY23
📝 BoB receives Rs 10,000 crore via Rs 2,000 note deposits, exchange
📝 BOI to raise up to Rs 3,000 cr via tier II bonds to support business growth
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🏦 Foreign Banks / FIIs / I-Banks
📝 Foreign funds buy Rs 9,800 crore stocks in June
📝 ‘Difficult to see a meaningful 20% correction in equities’: Gokul Laroia, Co-head of Global Equities & CEO of Asia, Morgan Stanley
📝 Global credit market may not pick up until Q3 end: Henrik Raber, Global Head of Credit Markets, Standard Chartered Bank
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🏠 Housing Finance
📝 Sundaram Home Finance plans foray into affordable housing
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🏦 Development Banks
📝 What is Open Banking? Know how it will transform future of financial services
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🔍 Rating / Research
📝 Finmin to pitch for rating upgrade to Moody's
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🗎 NBFCs / FIs / MFI
📝 L&T Finance group focuses on retail, aims 25pc CAGR in 3-4yrs
📝 IIFL Finance aims at raising Rs 20,000 crore in Fiscal Year 24
📝 TVS Credit Services Ltd successfully raises Rs 480 crore from Premji Invest to fuel growth plan
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UPIs / Wallet / FinTech
📝 India tops digital payments rankings globally, shows MyGovIndia data
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🗠 Bourses
📝 Govt to list SCI's non-core assets on bourses this month, to invite privatisation bids post listing
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Crypto
📝 How can investors benefit from index investing in crypto
📝 EU MiCA and its takeaways for VDA regulations in India
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🗠 Mutual Funds / AMCs
📝 Franklin Templeton India Mutual Fund to repay investors of two debt funds: Report
📝 Mutual funds invest over Rs 2,400 cr in stocks in May
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🗎 Equities, Pvt. Equity / Hedge Funds
📝 FPIs buying spree continues; invest Rs 9,800 cr in equities this month
📝 Mid, smallcaps attractive from 5-yr horizon: Vinit Sambre, head of equities, DSP Investment Managers
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