Top Indian Banking Industry News & Updates - 22 Jun 2023,Thursday

🗎 RBI / MoF / Govt. Policies

📝  J Swaminathan: How a silent banker made it to the RBI
📝  RBI pushes for stronger governance at public sector banks
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🏦 PSB / Pvt Banks

📝  Axis Bank launches new feature to manage multiple accounts on one platform
📝  Axis to allow one view of all bank accounts through its app
📝  Madhivanan Balakrishnan appointed ED of IDFC FIRST Bank
📝  Bank of Baroda scores on performance metrics
📝  Public sector banks, ICAI to set up common platform for balance confirmations
📝  FY24 will be a year of building capabilities: YES Bank CEO
📝  6 banks offering up to 7% interest on savings account, check list here
📝  Banks move to cash in on QR code pay boom
📝  No bank queues! Now deposit Rs 2,000 notes at your doorstep, check process, other details here
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🏦 Foreign Banks / FIIs / I-Banks

📝  Lloyds Banking Group to set up tech centre in Hyderabad with 600 techies by 2023 end
📝  Most steel companies have leverage headroom for capex needs: HSBC's Amitabh Malhotra
📝  We are very comfortable with markets at these levels: Samir Arora, founder & fund manager, Helios Capital
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🏠 Housing Finance

📝   Clean-up of bad loans frees PNB Housing to focus more on growth
📝  PNB Housing Finance plans a comeback in corporate lending business
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💳 ATMs / Credit Cards

📝  Mastercard launches global plan to recycle credit cards
📝  CMS' ATM network jumps 50 pc to over 17,500 in FY23
📝  Explained: How to maximize card reward points without having to overspend
📝  Mastercard CEO joins US-India Strategic and Partnership Forum Board of Directors
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🗎 NBFCs / FIs / MFI

📝  PTC India Fin Services CMD Pawan Singh sent on leave
📝  SMFG India Credit Co readies growth plan post Covid shock
📝  SMFG India Credit eyes Rs 75,000 cr loan book by FY26
📝  Piramal Ent sells stake in Shriram Finance for Rs 4,823 cr; Morgan Stanley, JP Morgan among buyers
📝  IIFCL to disburse Rs 25,000 crore of loans in FY24
📝  Tata Motors Finance extends Rs 25 crore credit to BluSmart Mobility for expanding EV fleet
📝  Open to acquisitions in home loan segment: SMFG India MD Shantanu Mitra
📝  U GRO Capital raises Rs 240 crore from Danish govt’s fund IFU for green finance to MSMEs
📝  Credit Wise Capital partners with Muthoot Capital for two-wheeler loans
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UPIs / Wallet / FinTech

📝  Cash-load at doorstep: Amazon Pay allows customers to deposit Rs 2000 notes
📝  Airtel Payments Bank offers customers health insurance through Care tie-up
📝  Rural fintech start-up Navadhan raises $1.5 mn in seed round
📝  Going digital. Paytm enables digital donations at Puri Jagannath temple during Rath Yatra
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🧔 Brokers / Distributors

📝  FPIs extend buying streak in Indian equities in June: NSDL
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🗠 Bourses

📝  Mcap of BSE-listed firms reach fresh record high of Rs 294.49 lakh crore in morning trade
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Crypto

📝  Bitcoin hits $28,800; Litecoin, Cardano soar up to 9%
📝  Crypto fugitive Do Kwon sentenced to 4 months in prison for passport forgery
📝  CoinSwitch plans to provide Indian stock trading service
📝  Crypto exchange backed by Citadel Securities, Fidelity goes live
📝  Binance to introduce Lightning Network on its platform
Read More >>

🗠 Mutual Funds / AMCs

📝  DSP Mutual Fund launches DSP NIFTY IT ETF
📝  HDFC AMC, Shriram Finance likely to rise more after big investor exits
📝  AIF inflows to cross $500 billion by 2030: Report
📝  Weight issues in HDFC merger to create fresh trouble for large-cap funds
📝  LIC Mutual Fund to acquire all schemes of IDBI Mutual Fund
Read More >>

🗎 Equities, Pvt. Equity / Hedge Funds

📝  Carlyle to offload 2.5% stake in Delhivery via block deal: Report
📝  Passive money may form bulk of flows into Indian equities in CY23
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🗎 Govt. Securities / Bonds

📝  IIFCL to raise Rs 17,000 cr from bond issuances in FY24
📝  NTPC board to consider proposal to raise up to Rs 12K cr via non-convertible debentures
📝  Corporate bond market lures borrowers
Read More >>

✈ International

📝  Deutsche Bank’s new retail & wealth head set to revamp unit
Read More >>


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