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
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🏦 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
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🏦 Co-operative Banks / RRBs
📝 Urban co-op banks seek increase in gold loan limit from ₹2 lakh to ₹5 lakh
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🏠 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
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💳 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
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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
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🗠 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
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🗎 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
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🗎 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
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✈ International
📝 SVB Financial to sell its I-banking business to management team
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