Top Indian Banking Industry News & Updates - 17 Jun 2023,Saturday

🗎 RBI / MoF / Govt. Policies

📝  RBI imposes Rs 20 lakh penalty on Manappuram Finance
📝  RBI approves P N Vasudevan's re-appointment as MD & CEO of Equitas Small Finance Bank
📝  Incremental Credit-Deposit ratio of Scheduled Banks’ declined in the financial year so far
📝  Almost 40% of surrendered Rs 2,000 return back in other denominations
📝  Cash with public falls by Rs 83,242 cr after RBI move to withdraw Rs 2,000 note
📝  Banks ask RBI to frame policy for silver loans similar to gold metal loans
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🏦 PSB / Pvt Banks

📝  Axis Bank names N. S. Vishwanathan as part-time Non-Executive Chairman
📝  Bank deposits surge Rs 3.26 lakh crore as people rush to surrender Rs 2,000 notes
📝  Kotak Mahindra Bank to raise Rs 7,000 crores in non-convertible debentures
📝  IndusInd Bank partners Wise for instant inward remittances from US and Singapore
📝  SBI presents dividend cheque of Rs 5,740 crore to Finance Minister Nirmala Sitharaman
📝  This bank revises FD interest rate; offers 8.25% to senior citizens
📝  SBI locker: Know latest charges, revised guidelines
📝  Canara Bank, Union Bank among 6 stocks trading below their 50-Day SMA
📝  Bank of Maharashtra plans to recover 5% from written-off accounts in FY24
📝  PNB's unsecured loan exposure within regulatory norms, says MD & CEO
📝  Profit trajectory to continue despite ECL regime impact: BoB MD & CEO
📝  Pvt banks’ slippages, write-offs from COVID recast nearly double than that of PSBs
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🏦 Foreign Banks / FIIs / I-Banks

📝  Delayed monsoon can impact inflation; expect FY24 CPI at 5.2 per cent: Deutsche Bank
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🔍 Rating / Research

📝  Easing input costs to keep retail inflation contained, says Crisil
📝  Pvt banks’ slippages, write-offs from COVID recast nearly double than that of PSBs : Report
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🗎 NBFCs / FIs / MFI

📝  Ruloans chalks out entry into the real estate broking business
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UPIs / Wallet / FinTech

📝  Paytm brings UPI SDK in India for faster payments
📝  PhonePe launches its own payment solution for MSMEs
📝  SBI chief: See huge opportunity to collaborate with fintechs
📝  Cross-border transactions a priority, says NPCI MD
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🗠 Bourses

📝  Sebi asks bourses, intermediaries to identify money laundering risks from new product development
📝  BSE India website to become unavailable from today evening. Check details
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Crypto

📝  Crypto investors step up risk management after last year's meltdowns
📝  Binance under investigation in France for illegal canvassing: report
📝  GS1 India to introduce a software development lab to improve Blockchain-based solutions
📝  Crypto trading bot executes a $200 million flash loan on Ethereum blockchain
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🗠 Mutual Funds / AMCs

📝  Start investing for your newborn now, but do it with a purpose, says Edelweiss MF CEO Radhika Gupta
📝  Mirae Asset Mutual Fund introduces new SIP modification facility
📝  Samco Mutual Fund's new fund suitable for risk takers
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🗎 Equities, Pvt. Equity / Hedge Funds

📝  IndInfravit completes acquisition of 4 Brookfield road projects for USD 1 bn
📝  PE funds set sights on alternative assets to prop up realty portfolio
📝  Highdell Investment sells 6.2 per cent stake in Kalyan Jewellers for Rs 725 crore
📝  ‘Niche investing may grow as market matures’, Rahul Khanna, co-founder and managing partner, Trifecta Capital,
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🗎 Govt. Securities / Bonds

📝  Sovereign Gold Bond Scheme: Issue price fixed at Rs 5,926/gm; subscription opens on Monday
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✈ International

📝  Bank of England set to raise rates to 4.75% as inflation slow to fall
Read More >>


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