Top Indian Banking Industry News & Updates - 21 Jun 2023,Wednesday
🗎 RBI / MoF / Govt. Policies
📝 SBI MD Swaminathan Janakiraman appointed as RBI's deputy governor
📝 Last mile banking gets big push as number of bank mitras reach 8.50 lakh
📝 Instructions on compromise settlements rationalise regulatory norms: RBI
📝 Compromise with wilful defaulters to help banks recover dues much faster
📝 Compromise settlement is not available to borrowers as a matter of right: RBI
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🏦 PSB / Pvt Banks
📝 CCI approves HDFC acquisition of more shares in HDFC ERGO
📝 Karur Vysya Bank embarks on a multichannel strategy to drive growth
📝 What does the HDFC mega-merger mean for its customers?
📝 Karur Vysya Bank to focus on commercial, retail & agri loans
📝 YES Bank eyes acquisition of microfinance company in FY24
📝 Customer outreach. Bank of Maharashtra gives credit sanction letters worth ₹270 crore in NCR
📝 The ECL model will not dent profits much: Karur Vysya Bank MD & CEO
📝 Is UPI the new Rs 2000? Data suggests so, says SBI
📝 Bandhan Bank will launch credit cards, push home loans: Chandra Shekhar Ghosh
📝 Karur Vysya Bank change business model to boost growth: Babu
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🏦 Foreign Banks / FIIs / I-Banks
📝 DBS Bank India reports 36 per cent jump in FY23 net at Rs 228 crore
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🏠 Housing Finance
📝 HDFC divests 90% stake in HDFC Credila for ₹9,060 crore
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🏦 Development Banks
📝 Expanding MDBs' vision risks fund diversion: NK Singh
📝 NaBFID expects loan disbursements to reach ₹60,000 cr in FY24
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💳 ATMs / Credit Cards
📝 Credit card holders may have to file declaration with banks
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🗎 NBFCs / FIs / MFI
📝 Piramal Enterprises to sell entire stake in Shriram Finance via block deal: Report
📝 TruCap Finance lists on NSE
📝 Microfinance sector reports improved post-pandemic growth, repayments
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UPIs / Wallet / FinTech
📝 BharatPe appoints Partha Pratim Sengupta as nominee director in Unity Bank
📝 Online payments in India: How UPI is changing the face of digital transactions
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🧔 Brokers / Distributors
📝 IIFL Securities shares drop 16% after Sebi ban
📝 SEBI directs Nuvama Wealth and Investment to be diligent in conduct of business
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🗠 Bourses
📝 NSE settles 2021 trading glitch case with SEBI, pays Rs 49.76 crore
📝 NSE, its arm NCL settle trading glitch case with Sebi, pay Rs 72 crore
📝 Mcap of BSE-listed firms hits fresh record high of Rs 293.51 lakh cr
📝 NSE’s power move puts BSE on alert
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Crypto
📝 Bitcoin rise above $26,700; Solana, Polygon surge up to 3%
📝 Crypto-based Delio to restart withdrawal-based transactions after brief hiatus
📝 Deutsche Bank applies for digital asset license amid growth push
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🗠 Mutual Funds / AMCs
📝 HDFC Mutual Fund launches HDFC Non-Cyclical Consumer Fund
📝 8 equity mutual funds have NAV of Rs 1,000. How have they performed?
📝 UK's abrdn exits India's HDFC AMC in $432 mln stake sale
📝 This fund manager with AUM of Rs 38000 cr reveals his secret of picking stocks for past 11 years
📝 Abrdn Investment sells entire HDFC AMC stake
📝 HDFC AMC share price jumps 9% today despite Abrdn Investment offloading its entire 10.2% stake
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🗎 Equities, Pvt. Equity / Hedge Funds
📝 HDFC to sell 90% stake in education finance arm to BPEA, ChrysCapital in $1.11 billion deal
📝 ‘Valuations not a concern as long as we can deliver growth,’ says Nuvama Capital’s Shiv Sehgal
📝 ChrysCapital bullish on future of financial service
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🗎 Govt. Securities / Bonds
📝 SGB 2023 subscription open: Key things to know about new Sovereign Gold Bond scheme
📝 Kotak Bank plans to raise up to Rs 2,500 cr via bonds
📝 Pick up sovereign gold bonds now; price set at Rs 5,926 per gm, lower than May highs
📝 Demand for long-term bonds likely to taper on weak insurer interest
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✈ International
📝 KKR to buy nearly $44 billion of PayPal's buy now, pay later loans in Europe
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