Top Indian Banking Industry News & Updates - 16 Jun 2023,Friday

🗎 RBI / MoF / Govt. Policies

📝  Handy solution. Govt, RBI looking to integrate GSTN with TReDS via account aggregator
📝  Banks ask RBI to frame policy for silver loans
📝  Soaring unsecured lending may need regulatory intervention
📝  Treading carefully. Reliance on third-party technology providers requires robust risk management practices by banks: RBI DG Jain
📝  Compromise settlement norms aimed at better recovery: RBI
📝  Corporate governance root of supervisory concerns: RBI deputy governor MK Jain
📝  Loan closure to KYC norms: What RBI panel's suggestions mean for you
Read More >>

🏦 PSB / Pvt Banks

📝  Kotak Mahindra Bank savings account holders can earn FD-like interest rates
📝  Rs 2,000 note withdrawal: Kotak Mahindra Bank garners deposits of Rs 5,400 crore
📝  IDFC First Bank at over 6-yr high; zooms 47% in 2 months on stable outlook
📝  Kotak Mahindra Bank keen on enhancing co-branding pacts
📝  Federal Bank to focus more on remittance biz, sees fintech as growth engine
📝   SBI Chairman's ₹37 lakh salary in FY23 stands incomparable to private bank peers
📝  Senior citizen saving scheme vs bank FD: What is the right strategy for you
Read More >>

🏦 Foreign Banks / FIIs / I-Banks

📝  World Bank's new chief wants 'better bank' before pushing for bigger bank
📝  Foreign investors bet big on India banking on resilience and PM Modi's return to power
📝  Hawkish Federal Reserve triggers bank stock slide
Read More >>

💳 ATMs / Credit Cards

📝  Credit cards in force touch new high in April even as rollovers decline
Read More >>

🗎 NBFCs / FIs / MFI

📝  Microfinance makes a re-entry into AP and Telangana
📝  MFIs overtake banks in giving microfinance loans
📝  Get an online insta loan of Rs. 50,000 from Bajaj Finance
📝  PTC India Financial Services appoints Mahendra Lodha as director (finance) & CFO
Read More >>

UPIs / Wallet / FinTech

📝  Inkle launches new platform for cross-border payments for startups
📝  Bank of Baroda's ICCW service helps customers to withdraw money from ATM through UPI, here's how
Read More >>

🗠 Bourses

📝  BSE mcap hits record Rs 295 lakh crore on foreign funds’ buying spree
Read More >>

Crypto

📝  Binance introduces Bitcoin mining cloud services for its users
📝  Crypto exchanges to collect about $2.5 billion for user protection funds
📝  SEC's Crypto Crackdown: What it means for investors and the future
📝  Binance's Cyprus unit seeks deregistration as crypto service provider
📝  Bitcoin drops below $25,000, XRP, Litecoin experience significant decline of over 6%
📝  CoinEx banned in New York, to pay $1.8 mn in Attorney General’s lawsuit settlement
Read More >>

🗠 Mutual Funds / AMCs

📝  SBI, LIC, two other sponsors to dilute stake in UTI Mutual Fund
📝  Companies raising funds through high-yield issues post tax changes
📝  MFs may have to offload ₹4,500 cr of HDFC Bank shares post merger
📝  Motilal MF’s new micro-cap index fund tests the limits
📝  Motilal Oswal Mutual Fund launches Motilal Oswal Nifty Microcap 250 Index Fund
📝  Samco Mutual Fund's new fund suitable for risk takers
Read More >>

🗎 Equities, Pvt. Equity / Hedge Funds

📝  Bain Capital sells 0.7% stake in Axis Bank for Rs 2,178 crore, 50 FPIs lap up shares
📝  ChrysCapital invests $100 mn in Lenskart at $4.5 bn valuation
Read More >>

🗎 Govt. Securities / Bonds

📝  NaBFID raises ₹10,000 crore through listed bonds
📝  Interest rates may stay high for longer, hints a key market gauge
Read More >>

✈ International

📝  ECB raises rates to 22-year high and signals more to come
Read More >>


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