Top Indian Banking Industry News & Updates - 23 Jun 2023,Friday

🗎 RBI / MoF / Govt. Policies

📝  MPC's policy stance more and more disconnected from reality: Jayanth Varma
📝  Job of taming inflation only half done: RBI Guv Shaktikanta Das
📝  RBI members diverge on further rate hikes as growth risks emerge
📝  Our fight against inflation is not yet over: RBI Governor
📝  Job half done as MPC focuses on 4% inflation target: RBI Governor Das
📝  Over 2-3rds of Rs 2,000 notes deposited
📝  Differences emerge in RBI panel on repo rate
📝  Sitharaman lists key financial inclusion measures at Paris summit
Read More >>

🏦 PSB / Pvt Banks

📝  Ashok Leyland partners IDBI Bank for channel partner financing
📝  IOB inks MoU with the Tamil Nadu State Rural Livelihood Mission
📝  Indian banks looking for a bigger stake in digital India via own QR codes
📝  Manipal Technologies partners with Indian Bank to offer customised banking products
📝  Beyond stability & digital depth: Industry A-listers brainstorm at the FE BFSI Summit
📝  Banks against code of conduct for committee of creditors
📝  Kotak Mahindra Bank raises Rs 1,895 crore through infrastructure bonds
📝  Axis Bank appoints former RBI DG NS Vishwanathan as chairman
📝  HDFC warrants to list under HDFC Bank
Read More >>

🏦 Foreign Banks / FIIs / I-Banks

📝  French outfit Eviden bags $100 mn weather modelling supercomputer projects in India from NCMRWF
📝  Indians' funds in Swiss banks down 11% to ₹30,000 cr. on dip in customer deposits
Read More >>

🏠 Housing Finance

📝  PNB Housing Finance to raise Rs 5,000 crore via NCDs
📝  HDFC to hold auction of two hotels after Prudent ARC makes binding offer
📝  ARCs’ retail loan recovery slows by 35%, may extend timelines
Read More >>

🏦 Development Banks

📝  NaBFID to roll out take-out financing for banks
Read More >>

🔍 Rating / Research

📝  PNB’s rating outlook upgraded
Read More >>

🗎 NBFCs / FIs / MFI

📝  Tata Motors Finance extends INR 25-cr credit facility to BluSmart for EV fleet expansion
📝  PTC India Financial crisis brings governance at NBFCs to fore
📝  TPG, Piramal exits expected, new investor line-up shows strong interest: Shriram Finance
📝  Microfinance lenders to grow profitability this FY, gain market share, cut credit costs, grow AUM
📝  Carborundum Universal appoints Sridharan Rangarajan as MD
Read More >>

UPIs / Wallet / FinTech

📝  UPI needs more than just monetising opportunities
📝  RBI’s new FLDG guidelines propel FinTech innovation and financial inclusion
📝  Amazon Pay accepts Rs 2K notes during doorstep delivery to top up customers’ digital wallet
Read More >>

Crypto

📝  Bitcoin hits $30,300 mark on BlackRock's ETF plan
📝  Credit Agricole’s CACEIS registers in France as crypto custody services provider
📝  Ripple to offer digital asset-based payments
📝  Venezuela’s ban on crypto mining is ruining the industry it once embraced
Read More >>

🗠 Mutual Funds / AMCs

📝  Sebi lets AIFs float new scheme to liquidate their illiquid assets
📝  Accrual funds likely to drive larger returns on debt side in near term: Kaustubh Gupta, Aditya Birla AMC
📝  Canara Robeco MF assets jump 4 times in 5 years
Read More >>

🗎 Equities, Pvt. Equity / Hedge Funds

📝  TPG Capital to exit Landmark Cars through block deal
📝  ‘Residential segment will remain lucrative’
Read More >>

✈ International

📝  BoE hikes rates to a 15-year high of 5%
📝  Fed's Bowman says more rate increases needed
📝  Deutsche Bank plans to cut 10% of 17,000 German retail jobs
Read More >>


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