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
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🏦 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
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🏦 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
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💳 ATMs / Credit Cards
📝 Credit cards in force touch new high in April even as rollovers decline
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🗎 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
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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
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🗠 Bourses
📝 BSE mcap hits record Rs 295 lakh crore on foreign funds’ buying spree
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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
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🗠 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
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🗎 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
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🗎 Govt. Securities / Bonds
📝 NaBFID raises ₹10,000 crore through listed bonds
📝 Interest rates may stay high for longer, hints a key market gauge
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✈ International
📝 ECB raises rates to 22-year high and signals more to come
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