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
Read More >>

🏦 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
Read More >>

🏠 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
Read More >>

💳 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
Read More >>

🗎 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
Read More >>

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
Read More >>

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
Read More >>

🗠 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
Read More >>

🗎 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?
Read More >>

🗎 Govt. Securities / Bonds

📝  Moody’s: Int’l bond issuers face risks
Read More >>

✈ International

📝  UBS picks Credit Suisse’s Mihir Doshi to head combined India business
📝  Once-high-flying crypto funds are hardly drawing any investor attention
Read More >>


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