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
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🏦 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
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🏦 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
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🏠 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
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🏦 Development Banks
📝 NaBFID to roll out take-out financing for banks
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🔍 Rating / Research
📝 PNB’s rating outlook upgraded
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🗎 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
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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
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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
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🗠 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
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🗎 Equities, Pvt. Equity / Hedge Funds
📝 TPG Capital to exit Landmark Cars through block deal
📝 ‘Residential segment will remain lucrative’
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✈ 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
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