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
Read More >>
🏦 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
Read More >>
🏦 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
Read More >>
🏦 Foreign Banks / FIIs / I-Banks
📝 UBS Group picks Credit Suisse’s Mihir Doshi to head combined India business
Read More >>
🏠 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
Read More >>
🏦 Development Banks
📝 Exim Bank projects merchandise exports to fall to $111.7 billion
Read More >>
💳 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
Read More >>
🔍 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 >>