Top Indian Banking Industry News & Updates - 15 Jun 2023,Thursday
🗎 RBI / MoF / Govt. Policies
📝 Shaktikanta Das conferred Governor of the Year award
📝 Bankers should alert legal heirs, nominees to claim under PM insurance schemes: AIBEA
📝 Disinflation process to be slow, says RBI Governor Das
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🏦 PSB / Pvt Banks
📝 Bank of Baroda to open six mid-corporate branches in FY24
📝 Kotak Mahindra Bank keen on enhancing co-branding pacts
📝 PNB, LIC, SBI & BoB look to seek bids for UTI AMC stake, Tata Group expected to put in a fresh bid
📝 SBI and PNB’s investment in priority sector lending certificates surge in FY23
📝 PNB launches UPI 123PAY for offline transaction
📝 Next phase of our growth will come from fintech: Federal Bank MD
📝 SBI releases new guidelines for locker holders, know revised charges, deadlines here
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🏠 Housing Finance
📝 Motilal Oswal Home Finance appoints Sukesh Bhowal as its new CEO
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🗎 NBFCs / FIs / MFI
📝 NBFCs may see higher cost of funds as bonds mature: CLSA
📝 Indian banks’ credit profiles resilient amid global banking sector stress: Moody's
📝 Religare Fin to divest housing arm to parent
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UPIs / Wallet / FinTech
📝 First Loss Default Guarantee positive for fintechs: MobiKwik COO Upasana Taku
📝 Flipkart and PhonePe could be $100 billion businesses in India, says Walmart
📝 PhonePe launches payment gateway with zero setup, annual maintenance fee for MSME merchants
📝 Paytm surges to a new 52-week high
📝 Funding in Indian fintech down by 40% in 2022, will show improvement in 2023, says IIFL Fintech
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🧔 Brokers / Distributors
📝 Spurt in demat additions in May after 3 months of decline
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🗠 Bourses
📝 NSE lays framework for administrative action against brokers for misuse of clients funds
📝 BSE sells 5% stake in CDSL to comply with Sebi norms
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Crypto
📝 Alt-Coin-Delete: Wall Street welcomes a crypto crackdown
📝 Bitcoin falls below $25,900; BNB, Shiba Inu rise up to 6%
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🗠 Mutual Funds / AMCs
📝 MFs may not get holdings waiver post HDFC Bank-HDFC merger: Report
📝 Mutual funds bought 3 lakh shares of this Adani stock in May
📝 ‘MFs may not get holdings waiver post HDFC Bank merger’
📝 Sebi comes out with framework for execution-only platforms for investing in direct MF schemes
📝 ‘Investors can consider liquid ETFs for parking idle funds’
📝 Will daily or weekly SIPs help you to earn better returns?
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🗎 Equities, Pvt. Equity / Hedge Funds
📝 Bain Capital to sell 0.75% stake in Axis Bank
📝 Kedaara in talks with Yes Bank for sale of Spandana Sphoorty
📝 KKR unit plans to buy road assets from PNC for $1 billion
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✈ International
📝 Fed holds rates steady, sees two small hikes by end of year
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