Top Indian Banking Industry News & Updates - 14 Jun 2023,Wednesday
🗎 RBI / MoF / Govt. Policies
📝 RBI may tighten norms for banks' unsecured lending: Sources
📝 India bank unions ask RBI to withdraw compromise settlement for wilful defaulters
📝 India’s disinflation process to be slow and protracted: RBI Governor Shaktikanta Das
📝 ECL Provisioning: The prep and the aftermath
📝 Despite low inflation print, RBI may hold firm on rate cuts
📝 De-dollarisation is fast becoming a reality
📝 RBI governor Shaktikanta Das hints rates may remain higher
📝 FD schemes: Three profitable fixed deposits ending soon, check details
📝 RBI, UAE central bank in talks on local currency trade: Piyush Goyal
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🏦 PSB / Pvt Banks
📝 Fino Payments Bank joins Hubble to introduce spending account
📝 Indian banks to be resilient, profitable despite global challenges
📝 HDFC-HDFC Bank merger to close soon, record date awaited
📝 Focusing on better underwriting to contain NPAs: Dinesh Kumar Khara
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🏠 Housing Finance
📝 Mahindra Rural Housing Finance targets Rs 20,000-crore loan book in 3 years
📝 Aviom India Housing Finance raises $30 million
📝 Religare Fin to divest housing arm to parent
📝 IIFL Finance not looking to convert into bank at this point: MD Nirmal Jain
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💳 ATMs / Credit Cards
📝 Credit card usage surpasses debit cards in India
📝 How you can rebuild your credit score even after late payments
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🔍 Rating / Research
📝 Banks may see compressed margins this year
📝 Banks’ NIM to moderate 10-20 bps in FY24, says CRISIL
📝 Indian banks, NBFCs can weather global banking stress: Report
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🗎 NBFCs / FIs / MFI
📝 Adani in talks for first major debt refinancing after Hindenburg
📝 Microfinance loan portfolio jumps to nearly Rs 3.5 lakh cr at March-end; portfolio quality improves: Report
📝 Microfinance AUM up 22% in FY23, MFIs top lenders with 40% share
📝 Indel Money expands operations to build a pan-India presence
📝 NBFCs' micro loan growth beats banks'
📝 Get an online insta loan of Rs. 50,000 from Bajaj Finance
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UPIs / Wallet / FinTech
📝 MSME lender Indifi Technologies raises Rs 290 crore in the new funding round led by ICICI Ventures
📝 Acemoney launches all-in-one payment device
📝 Young investors have shown an affinity towards investment FinTechs, says Akshar Shah of Fixed
📝 Punjab National Bank launches digital payments with IVR-based UPI solution, know how it works
📝 Funding in Indian fintech down 40% in 2022, says IIFL Fintech report
📝 PB Fintech to wipe out accumulated losses in next four year
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Crypto
📝 Binance US says asset freeze sought by SEC will cripple crypto exchange
📝 Taiwan Mobile in early talks on possible investment in local crypto platform
📝 Cryptoverse: Security alert! Altcoins worth $100 billion dropped in hot water
📝 Bitcoin rises to $26,100; BNB, XRP surge up to 4% ahead of US inflation data
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🗠 Mutual Funds / AMCs
📝 SBI Mutual Fund gets Irdai nod to acquire up to 10% stake in ICICI Lombard
📝 Sebi introduces framework for execution only platforms
📝 SBI Mutual Fund goes ‘neutral’ on equity markets as valuations spike
📝 Healthcare segment continues to remain quite buoyant: Meeta Shetty, Fund Manager, Tata Mutual Fund.
📝 MF ‘execution-only platforms’ need to register by September-end, says SEBI
📝 HDFC Defence Fund stops lumpsum, caps SIP flows
📝 Gold ETFs log Rs 103 crore inflow in May
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🗎 Equities, Pvt. Equity / Hedge Funds
📝 FIIs halt 2-days selling spree, makes strong buying of ₹1,678 crore on 13 June; DIIs sold ₹203 crore
📝 Is my Active equity fund really active?
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🗎 Govt. Securities / Bonds
📝 Moody’s: Int’l bond issuers face risks
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✈ International
📝 UBS picks Credit Suisse’s Mihir Doshi to head combined India business
📝 Once-high-flying crypto funds are hardly drawing any investor attention
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