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
Read More >>

✈ International

📝  Fed holds rates steady, sees two small hikes by end of year
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