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
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🗠 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
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🗎 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
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✈ International
📝 Deutsche Bank’s new retail & wealth head set to revamp unit
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