Top Indian Banking Industry News & Updates - 13 Jun 2023,Tuesday

🗎 RBI / MoF / Govt. Policies

📝  RBI permits banks to undertake compromise settlement of wilful defaults, fraud accounts
📝  RBI's FLDG norms to hurt certain segments, impact volumes in near term: Report
📝  Multi-pronged policy action needed to reignite, sustain growth: RBI Dy Guv
📝  India needs carbon pricing system, tax to grow green finance: RBI report
📝  Education loans register 17% growth in FY23, turning positive for first time in five years
📝  India, UAE Central banks discussions on rupee-dirham trade progressing very fast: Piyush Goyal
📝  Bank deposits of 1-3 years a hit due to interest rate hikes
📝  FinMin officials to meet Moody’s representatives on June 16, pitch for rating upgrade
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🏦 PSB / Pvt Banks

📝  KVG Bank launches new deposit scheme
📝  South Indian Bank launches digital platform for hassle-free account opening
📝  IOB launches My Account My Name, now SB account holders don’t have to remember 15-digit account numbers
📝  Exim Bank projects merchandise exports to fall to $111.7 billion
📝  Jayakumar S Pillai takes charge as IDBI Bank’s Deputy Managing Director
📝  FY24 to be golden year for Punjab National Bank: MD
📝  D-Street feels HDFC merger will not impact profitability
📝  Banks likely to hit pause button on Fixed Deposit rate hike
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🏦 Co-operative Banks / RRBs

📝  RBI penalises Bihar State Co-op Bank Rs 60.20 lakh for various shortcomings
📝  We’ll strengthen cooperative banks in Himachal: CM
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🏦 Foreign Banks / FIIs / I-Banks

📝  UBS Group picks Credit Suisse’s Mihir Doshi to head combined India business
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🏠 Housing Finance

📝  Bajaj Housing Finance extends home loan tenure to 40 years
📝  Mortgage lender HDFC raises over Rs 13,000 cr through 10-year bonds
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🏦 Development Banks

📝  Exim Bank projects merchandise exports to fall to $111.7 billion
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💳 ATMs / Credit Cards

📝  Pepper Money India to launch three to five co-branded cards: CEO
📝  All credit to users, debit cards take a backseat in India
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🔍 Rating / Research

📝  RBI’s FLDG norms to hurt certain segments, impact volumes in near term: Report
Read More >>

🗎 NBFCs / FIs / MFI

📝  L&T Finance Holdings plans to expand rural business by offering personal loans, LAP
📝  Equitas Holdings surrenders NBFC licence to RBI
📝  Muthoottu Mini Financiers posts 30.58 per cent growth in FY23
Read More >>

UPIs / Wallet / FinTech

📝  Digital loan disbursal volumes bounce back after Q3 de-growth: FACE
📝  PB Fintech to wipe out accumulated losses in next four years
📝  Fintech body mulls new code of conduct, to be adopted as framework for proposed self-regulatory organisation
📝  Digital lending volumes rise 131% in FY23: Report
📝  Fintech lenders back on growth path in fourth quarter after Q3 slump
📝  What First Loss Default Guarantee means for fintech lenders
📝   Punjab National Bank (PNB) launches IVR-based UPI 123PAY. How to make UPI payments without internet
Read More >>

Crypto

📝  Bitcoin falls below $25,900; BNB, Shiba Inu shed up to 5%
📝  Binance plans to swap 750 million of token pairs to ensure liquidity
📝  Is SEC's crackdown on crypto exchanges warranted? Here's what Zerodha's Nithin Kamath says
📝  Joe Hall expects Europe to fight against Bitcoin challenges
📝  Crypto resumes drop after SEC crackdown led to weekend selloff
📝  Meaningful controls on crypto are finally on their way
Read More >>

🗠 Mutual Funds / AMCs

📝  FinEzzy aims to disburse Rs 1,500 crore in loans against mutual funds over next year
📝  Franklin MF to extinguish units in 5 out of 6 schemes; latest instalment will result in total payout of Rs 27,109 cr
📝  New Flexicap Fund launched by 360 ONE Asset. Who should invest? Check NFO details
📝  360 ONE Asset launches Flexicap Fund
📝  Mutual funds invest more than Rs 2,400 crore in equities in May
📝  HDFC MF not to accept lumpsum investments in Defence Fund
📝  Mirae infuses ₹1,240 crore in its Indian capital market biz
📝  Most attractive part of rate curve in 1-3 year territory: Vetri Subramaniam
Read More >>

🗎 Govt. Securities / Bonds

📝  SBI likely to begin issuance of Rs 10,000-cr rupee bonds soon
📝  Punjab and Sind Bank approves ₹750 cr fund raising via bonds
Read More >>

✈ International

📝  No pause in sight as ECB eyes next rate increase
📝  UBS CEO says about 10% of Credit Suisse staff have left
📝  UBS completes Credit Suisse takeover to become wealth management behemoth
Read More >>


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