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
Read More >>

🏦 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
Read More >>

🏦 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
Read More >>

🏦 Development Banks

📝  Expanding MDBs' vision risks fund diversion: NK Singh
📝  NaBFID expects loan disbursements to reach ₹60,000 cr in FY24
Read More >>

💳 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
Read More >>

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
Read More >>

🧔 Brokers / Distributors

📝  IIFL Securities shares drop 16% after Sebi ban
📝  SEBI directs Nuvama Wealth and Investment to be diligent in conduct of business
Read More >>

🗠 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
Read More >>

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
Read More >>

🗠 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
Read More >>

🗎 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
Read More >>

🗎 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
Read More >>

✈ International

📝  KKR to buy nearly $44 billion of PayPal's buy now, pay later loans in Europe
Read More >>


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