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
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