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
Read More >>

🏦 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
Read More >>

🏦 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
Read More >>

🏠 Housing Finance

📝  Sundaram Home Finance plans foray into affordable housing
Read More >>

🏦 Development Banks

📝  What is Open Banking? Know how it will transform future of financial services
Read More >>

🔍 Rating / Research

📝  Finmin to pitch for rating upgrade to Moody's
Read More >>

🗎 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
Read More >>

UPIs / Wallet / FinTech

📝  India tops digital payments rankings globally, shows MyGovIndia data
Read More >>

🗠 Bourses

📝  Govt to list SCI's non-core assets on bourses this month, to invite privatisation bids post listing
Read More >>

Crypto

📝  How can investors benefit from index investing in crypto
📝  EU MiCA and its takeaways for VDA regulations in India
Read More >>

🗠 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
Read More >>

🗎 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
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