Top Indian Banking Industry News & Updates - 19 Jun 2023,Monday

🗎 RBI / MoF / Govt. Policies

📝  RBI denies reports of missing banknotes, assures proper accounting and systems in place
📝  Reports alleging missing of banknotes are incorrect: RBI
📝  Real interest rates at near 4-year high, to temper growth in the coming months
📝  RBI allows HDFC Bank to hold CPs issued till date by HDFC till their maturity
📝  Net direct tax collection rises 11 pc to Rs 3.80 lakh cr, so for in FY24: FinMin
📝  Reserve Bank of India may need to pump in funds on liquidity crunch
📝  Reports of missing Rs 500 notes based on erroneous information, says RBI
📝  Enforcement sees paradigm shift by RBI
📝  Banknotes supplied from printing presses to RBI are properly accounted for: RBI
Read More >>

🏦 PSB / Pvt Banks

📝  There is a need to mobilise domestic and international flows to meet India’s green finance requirements: SBI Chief Khara
📝  Banks need to collaborate and create policies for mobilizing capital towards green finance: Joshi
📝  RBL aims to expand NIMs; credit cards, MFIs to outpace overall loan book growth
📝  IndusInd Bank, Wise partners to enable NRIs transfer fund to India
📝  Everything you want to know about IDBI Bank
📝  Bank of Maharashtra expects increase in deposits due to return of ₹2,000 notes
📝  Illegal freezing of bank accounts
📝  Co-lending could be 5-8% of our book: DCB Bank CEO
Read More >>

🏦 Co-operative Banks / RRBs

📝  Urban co-op banks seek increase in gold loan limit from ₹2 lakh to ₹5 lakh
Read More >>

🏠 Housing Finance

📝  Magicbricks scales up its AI-Powered ‘Bank Recommendation Engine' to identify best Home Loan partners
📝  PNB Housing Finance set to raise Rs 5000 crores through non-convertible debentures
Read More >>

💳 ATMs / Credit Cards

📝  Credit card NPAs rise Rs 765 crore in 9 months to Rs 3,887 cr amid RBI caution
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🗎 NBFCs / FIs / MFI

📝  Eqaro Guarantees plans to raise $25 mn to scale its business, expand operations
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UPIs / Wallet / FinTech

📝  Fintech City will make Tamil Nadu an unparalleled hub in financial technology: Industries Minister
📝  Foundation stone laid for Fintech City, Fintech Tower in Tamil Nadu
📝  How Fintech is driving change in India’s lending landscape in sub-urban regions
📝  Tamil Nadu woos fintech firms; hopes to raise Rs 12,000 cr for Fintech City
Read More >>

Crypto

📝  China recieve responses from Tether against security reports
📝  Crypto users can now transact in crypto with complete privacy while being compliant with government requirements
📝  Coinswitch plans to launch platform for trading of Indian stocks
📝  Crypto Week at Glance: Bitcoin, Ethereum remain resilient despite volatile week
Read More >>

🗠 Mutual Funds / AMCs

📝  Investors should put in lumpsum money in hybrid mutual funds: Sankaran Naren, ICICI Prudential AMC
📝  MF equity mop-up falls 12% in first 5 months of ’23
Read More >>

🗎 Equities, Pvt. Equity / Hedge Funds

📝  Warburg Pincus sells 6.2% stake in Kalyan Jewellers
📝  FPIs stay glued to Indian equities; infuse Rs 16,405 cr in Jun so far
Read More >>

🗎 Govt. Securities / Bonds

📝  Sovereign Gold Bond: Scheme 2023-24 opens next week. Should you apply?
📝  Unexpected rally sweeps the riskiest government bonds
📝  HDFC seeks RBI permission to classify some bonds under the infra category
Read More >>

✈ International

📝  SVB Financial to sell its I-banking business to management team
Read More >>


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