Top Indian Banking Industry News & Updates - 24 Jun 2023,Saturday
🗎 RBI / MoF / Govt. Policies
📝 RBI penalises J&K Bank, Bank of Maharashtra, Axis Bank
📝 India sees over 72% of withdrawn Rs 2,000 notes taken to banks
📝 Current level of real repo rate raises worries of damage to growth: Jayanth R Varma
📝 TReDS platforms enter discussions with insurers post RBI nod
📝 Reserve Bank of India purchased $7.7 billion in April, highest in 2 years
📝 Benefit of enhanced insurance cover for export losses to be extended to accounts with limits up to ₹50 crore: Goyal
📝 Path to inclusive growth must be paved by price stability: RBI officials
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🏦 PSB / Pvt Banks
📝 Moody’s affirms Yes Bank’s ratings, financial performance to remain stable over 12-18 months
📝 Federal Bank elevates wholesale banking head Harsh Dugar as Executive Director
📝 Bank of Baroda tightens cheque clearing process
📝 Apple explores fintech tie-ups with HDFC Bank
📝 Banks say systems are not yet ready for new TCS regime
📝 IndusInd Bank jumps over 3% as report suggests Hindujas may get RBI nod to hike stake
📝 Kotak Bank arms invest Rs 732 cr in Rattanindia Power
📝 Insurance regulator approves transfer of HDFC Life shares to HDFC Bank
📝 Yes Bank to raise ₹25 billion in debt: Report
📝 DCB Bank offers new Direct Tax payment facility with govt income tax portal
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🏦 Co-operative Banks / RRBs
📝 IT wing unearths wilful default by Tamil Nadu based cooperative bank causing loss to exchequer
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🏦 Foreign Banks / FIIs / I-Banks
📝 Bank of England raises interest rate to 5%
📝 India is the investment destination of the decade : HSBC
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🏠 Housing Finance
📝 PNB Housing Finance to consider raising Rs 5,000 crore through NCDs
📝 HDFC expected to sell loan portfolio of 2 Ghaziabad-based five-star hotels to Prudent ARC: Report
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💳 ATMs / Credit Cards
📝 After April’s fall, credit card spends hit a high of ₹1.4 lakh cr in May
📝 Apple to launch credit card in India, in talks with NPCI for Apple Pay
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🔍 Rating / Research
📝 Moody's affirms Yes Bank's ratings, financial performance to remain stable over 12-18 months
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🗎 NBFCs / FIs / MFI
📝 Shriram Finance's long-term prospects intact as merger synergies play out
📝 FIIs sell nearly ₹345 crore in Indian stocks; DIIs pull out ₹684 crore - 23 June trade
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UPIs / Wallet / FinTech
📝 UPI to account for 90% of retail transactions in 5 years: RBI bulletin
📝 Apple in talks with NPCI to launch Apple Pay in India
📝 Google to set up its global fintech operations centre in Gujarat: CEO Sundar Pichai
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Crypto
📝 Crypto start-up Pillow to shut operations due to regulatory uncertainty
📝 Casa launched a multi-signature self-custody crypto wallet
📝 Cryptopay loses its Electronic Money Institution license
📝 BitGo to cancel its procurement with Prime Trust fintech firm
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🗠 Mutual Funds / AMCs
📝 India fund mangers buy T-bills, dump bonds as early rate cut chances vanish
📝 38 mutual fund schemes doubled investors’ wealth in five years
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🗎 Equities, Pvt. Equity / Hedge Funds
📝 Kotak Credit Funds invest Rs 732 crore in RattanIndia Power
📝 TPG exits Landmark Cars; sells 11.25% stake for Rs 293 cr
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🗎 Govt. Securities / Bonds
📝 Tycoon Shapoor Mistry's firm set to sell India's biggest low-rated bond
📝 InCred Money launches corporate bonds with fixed returns of 12.5% p.a.
📝 ICICI Securities surges 7% to hit 7-month high on strong growth prospects
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